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HMRC in meltdown as self-assessment deadline looms

HMRC's customer service is on the verge of collapse due to delays dealing with online tax returns Customer service at HMRC is at risk of being completely overwhelmed just a fortnight before the 31st January tax deadline - a time…

Working through an umbrella company – a contractor’s guide

What contractors need to know about working through an umbrella company IR35 reform is only a matter of weeks away, coming into effect on April 6th 2021. It will mean that many contractors who currently work through their own limited…

Millions of self-employed warned over tax rebate scam 

Self-employed people filing their tax returns have been warned about a tax rebate scam A scam warning has been issued after reports of a text message purporting to be from HMRC promising recipients a tax rebate. The self-assessment tax return…

Treasury “considering” COVID-19 support for limited company directors

The Chancellor is finally considering support for contractors working via a limited company Treasury officials are at last deliberating a scheme that would support the millions of limited company contractors and small business owners who have previously been excluded from…

Surge in contractors closing companies as IR35 reforms loom

IR35 reforms, potential tax rises and economic problems see rise in contractors closing their businesses Looming IR35 reforms in the private sector, along with the economic climate created by the Coronavirus pandemic triggered an increase in the number of UK…

Sunak’s £4.6bn package ignores gaps in COVID-19 support

New COVID-19 support announced by the Chancellor may “not be enough to save many firms” The UK population is being asked to stay at home once more after the Prime Minister announced a third COVID-19 lockdown in England, with Scotland,…

What does 2021 hold for umbrella workers?

After a challenging year for umbrella workers, what might 2021 hold for individuals using these services? As has been the case for most sectors, the Coronavirus pandemic had a huge impact on umbrella workers, with the industry facing a number…

HMRC reject calls to extend self-assessment deadline

Easing the looming self-assessment tax return deadline would “complicate” things, say HMRC Accounting industry groups wrote a joint letter to HMRC urging the tax office to relax the deadline for people to file their upcoming self-assessment returns, arguing that the…

What’s in store for freelancers and contractors in 2021?

From IR35 reform to Brexit and Coronavirus, here are some of the things likely to impact freelancers and contractors in 2021 2020 was a challenging year for independent workers, not least because of the Coronavirus pandemic. The crisis, along with…

Businesses call for urgent support in wake of tier 4 restrictions

New tier 4 restrictions could be the 'final death knell' for businesses unless the government increases support Prime Minister Boris Johnson cancelled Christmas plans for millions of businesses and people this weekend with the introduction of tougher new restrictions for…

HMRC’s IR35 tool delivers 188,000 inconclusive results

Government's IR35 tool can't return a result nearly 20 per cent of the time Figures published by the tax watchdog have revealed that its own IR35 tool – Check Employment Status for Tax (CEST) – was unable to deliver a…

‘Recovery strategy’ needed to help self-employed

Government urged to introduce a tailored strategy to help the self-employed recover from the pandemic The charity behind Business Debtline, Money Advice Trust, has written to the Small Business Minister, Paul Scully, to make the case for a COVID-19 self-employment…

IR35: a substitute is for life, not just for Christmas

The right of substitution should be a permanent fixture in every contractor's business model If we're sure about one thing in 2020, it's that things will never go back to how they were before the Coronavirus pandemic. Even if by…

Industry leaders call for a dedicated freelance commissioner

Experts write to the Chancellor, urging the appointment of a freelance commissioner to 'drive change' Four professional bodies have written a joint letter to Rishi Sunak, urging him to introduce a freelance commissioner and future workforce commission to help a…

1.3m self-employed risk ‘perform storm’ of bills by delaying tax returns

Over a million self-employed people expected to delay their tax returns urged to file early to avoid 'perfect storm' of bills by experts The Coronavirus pandemic has placed a huge financial burden on the 4.5 million freelancers, contractors and self-employed…

New rules for self-employment grant create ‘climate of fear’

Stricter rules around the third SEISS grant are ‘troubling’ warns trade association Applications for the third Self-employment Income Support Scheme (SEISS) grant opened on Monday (30 November), however, the new eligibility rules have been criticised for being stricter and more…