Concerns are mounting that many self-employed freelancers could be hit by a new tax crackdown, after the Treasury announced it was considering extending HM Revenue & Customs’ (HMRC) new off-payroll rules to the private sector.
The Financial Times has recently published a list of the top 10 issues that affect personal taxation, from higher marginal tax rates to pensions, illustrating how complex the personal tax system is in the UK.
The Institute for Fiscal Studies (IFS) has voiced concerns that the Chancellor Philip Hammond may have to scrap his planned target of eliminating the UK’s deficit by the mid-2020s if he wants to increase public spending.
The Low Incomes Tax Reforms Group (LITRG) has urged the tax authority to publicise the new income allowances when they come into force to prevent confusions as to who is supposed to register for self-assessment.
Official figures have revealed that UK economic growth exceeded expectations in the third quarter (Q3) of 2017.
Ahead of Chancellor Philip Hammond’s Autumn Budget next month, a number of organisations involved in the energy sector have called on the Government to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, saying that it is essential for the shift to cleaner energy.
Over the last 18 months, a team of fraudsters have managed to sell a total of 21 properties for some £700,000 – unbeknown to the actual owner, Severn Trent Water.
Chancellor Philip Hammond has been urged to consider important reforms to business rates ahead of the upcoming Autumn Budget on 22 November.
The Information Commissioner’s Office (ICO) has confirmed that it will launch a specialist telephone service to help small businesses get to grips with the upcoming General Data Protection Regulation (GDPR).
Is your company making the most out of employee benefits? Because according to a new UK study, a large majority of work perks aren’t appreciated nor wanted by employees.