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. Read More
Month: October 2017
Chancellor’s spending and deficit ‘dilemma’
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. Read More
Taxpayers told to be wary of new trading and property allowance
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. Read More
Economic growth exceeds expectations in third quarter
Official figures have revealed that UK economic growth exceeded expectations in the third quarter (Q3) of 2017. Read More
Property fraud – how to prevent it
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. Read More
Hammond urged to freeze business rates in Autumn Budget
Chancellor Philip Hammond has been urged to consider important reforms to business rates ahead of the upcoming Autumn Budget on 22 November. Read More
GDPR helpline seeks to support small businesses
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). Read More
UK businesses wasting thousands on unwanted workplace perks, says study
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. Read More
HMRC inundated with SDLT queries
Reports suggest that HM Revenue & Customs (HMRC) is being inundated with queries about Stamp Duty Land Tax (SDLT) – and is failing to reply to customers within an adequate timeframe. Read More
Fraudsters go after taxpayers in new VAT scam
A cyber security expert has warned about a new breed of “phishing” emails, designed to trick taxpayers into downloading malicious software. Read More