Last week, the Chancellor, Rishi Sunak has set out the Government’s economic plan for 2021. With the Spring Statement, he presented a long list of measures implemented by the treasury to both support businesses in the private sector, along with taking the first steps towards fiscal recovery from the Coronavirus financial strain the UK economy has been experiencing since March 2020.
Rishi Sunak said he expected Coronavirus to have a 'significant' but 'temporary' impact on the UK economy. "People will return to work. Supply chains will return to...
On Wednesday the 11th March 2020, the newly appointed chancellor Rishi Sunak will deliver his first budget to the country, the first in over eighteen months. We detail...
TV presenter Lorraine Kelly has won her case against HMRC at an IR35 tribunal. The case related to her engagements with ITV Breakfast Ltd and her own limited company,...
We are thrilled to announce that we are just putting the finishing touches to our shiny new portal. Our portal is used by our clients to raise and send invoices, claim mileage and expenses and complete their accounts online so that we can use the figures to provide...
IR35 Update - March 2020 The off-payroll reforms to IR35 in the private sector have now been delayed by 12 months due to the coronavirus pandemic. The legislation will now be reintroduced in April 2021. This is a welcome decision in light of the worrying health and...
The Budget 2018 was released yesterday, and it seems it was a hugely anticipated budget for many reasons – Brexit and IR35 to name a few. Here are some of the main changes discussed in the budget: Off-payroll working in the Private Sector The changes made to the...
The next high-profile TV presenter that HMRC has its focus on over their IR35 status is Eamonn Holmes. His company, Red White and Green Ltd has been awaiting the Court’s ruling over whether he has been operating inside IR35 regulations as per HMRC’s allegations.
Last June, Companies House has released its annual companies register activities’ report for 2017/18 The official document includes some interesting figures about the current population of registered companies in the UK. Not surprisingly, it presents a mix of trends...
The Construction Industry Scheme (CIS) requires contractors to deduct tax at source on payments made to a subcontractor. However, the subcontractor can register with HMRC for gross payment status to stop the tax at source deduction. This makes a subcontractor with the...
Over the past few weeks, we have noticed a growing number of questions over the recent First-Tier Tribunal ruling against Christa Ackroyd, the former BBC TV presenter.
The ruling helps bolster the IR35 key aspects which determine whether a contract was deemed inside or outside IR35.
With the arrival of the new financial tax year in a little over a month, it’s a good time to think about the inevitable changes in the tax allowances and rates and how they might affect the amount of tax you might have to pay. As a contractor, operating through a...
Commencing from 6th April 2017, Scottish tax residents now have a different tax band. The amount when the higher rate tax kicks in have been reduced to £43,000 for Scottish taxpayers, compared to £45,000 for the rest of the UK. Here’s the full story.
With Christmas a couple of weeks away and office parties in full spirit, we thought it’s be a good time to let you know our opening hours during the festive period. December 2017 Friday 22nd Normal opening hours Monday 25th Closed Tuesday 26th Closed Wednesday 27th...