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Seconds Out

HMRC has recently updated their guidance to making a disclosure under the Second Incomes Campaign.The campaign is open to individuals in employment who have an additional untaxed source of income, to bring their tax affairs up to date and secure more favourable penalty term...

A Fair Copp

Three members of the Copp family, who ran umbrella payroll company Quality Premier Services (QPS) based in Rickmansworth, previously Central Payroll Specialists (CPS), have been handed a combined prison sentence of 27 ½ years for defrauding HMRC of more than £45 million in VA...

Issues with Free Corporation Tax Filing

From 17th April 2017, HMRC’s free PDF-based Corporation Tax (C.T) return software was replaced with a new online service that can only be used by unrepresented companies, clubs and charities with straightforward tax affairs. Only C.T returns for accounting periods ending on o...

File Early to Budget Efficiently

The normal Self-Assessment time limit for individuals filing their 2017 tax returns is 31st January 2018. That, however, is the final date for submitting that return to HMRC otherwise a penalty will be incurred. Returns can, of course, be filed at any time up to 31st January an...

NHS IR35 malpractice

NHS Improvement, the health service regulator has recently released a document to providers entitled ‘Working through intermediaries:  IR35 update’.The document seeks to redress the practice of viewing all contractors as falling inside of IR35 for the purposes...

A contractor’s home is his office

Many contractors, because of the nature of their business, choose to operate from home. As such, it should be possible to establish a claim for tax relief on part of the home expenses.It is important to put in place a formal rental agreement between the company and the dire...

ESS Tool Deemed Untrustworthy

Public sector IR35 changes were enforced on 6th April. Just one month in, and research into 1508 UK contractors by leading contractor tax advisor, Qdos Contractor, highlighted that 85% of UK contractors do not trust HMRC’s ESS Tool to make accurate decisions about the IR35 st...

HMRC are Not All Powerful

Whilst HMRC possess extensive powers to enquire into a taxpayer’s affairs, there is a danger in thinking and accepting that what HMRC says goes. That is not the case and taxpayers should be aware that HMRC cannot simply ride rough shod over all and sundry.Schedule 36 Fina...

Self-Employment Under Labour

The Labour Party manifesto has identified umbrella companies as a blight on employment taxation and limiting workers’ rights and has pledged to ban them should it be voted into power on 8th June.Whilst Labour acknowledge that self-employment is a vital and entrepreneurial...

Identify Yourself

The Association of Independent Professionals and the Self Employed (IPSE) has called for a statutory definition of self-employment to end confusion and uncertainty, and ensure that working for yourself is seen in a positive light. Their solution is to determine self-employed st...

Something to Declare?

HMRC periodically run campaigns or disclosure opportunities for taxpayers who might have underdeclared their tax liabilities and thereby encourage such people to make disclosures sooner so as to reduce interest and penalties and not undergo a formal investigation. During the la...

Taking the Strain

A recent report published by the House of Commons Work and Pensions Committee, titled ‘Self-employment and the gig economy’, concludes that the facade of self-employment recently highlighted in the gig economy is placing an unsustainable burden on the welfare state...

Expenses and benefits – what to report

For those that have not done so, contractors will need to consider what expenses and benefits they need to report to HMRC by 6th July 2017.The expenses and benefits regime underwent a transformation as from 6th April 2016 which saw:

  • Scrapping of the notion of a...