Category: Finance and Business News

Expert analysis of business headlines relevant to freelancers, contractors and small businesses. Follow our coverage and get better clarity about current political and financial developments.

Off-payroll changes to IR35 to the private sector

Budget 2018: The headlines

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 […]

Change to the company car scheme could help electric cars!

Looking to change your car soon? Maybe wait until 2020!

Low-Emission Company Car Vehicles Benefits – April 2020 From April 2020, the company car benefit system will be changing significantly and as a result, zero and low emission vehicles might become very attractive. The changes […]

Eamonns Holmes and his IR35 tax issues

Eamonn Holmes facing up to £2m in tax relating to IR35

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 […]

The population of registered companies in the UK – 2017/18

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 […]

VAT Flat Rate Scheme changes

What’s happening with the flat rate VAT scheme?

How is flat rate VAT calculated? Traditionally, contractors have always benefited from registering on the flat rate scheme. This is because VAT would be collected on a sales invoice at 20%, but a lower percentage […]

Why was Ms Christa Ackroyd deemed inside of IR35?

Over the past few weeks we have noticed a growing number of questions over why the recent First-Tier Tribunal case decided in favour of HMRC rather than Ms Christa Ackroyd, the former BBC television presenter. […]

2018/2019 Tax Rates – a look ahead

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 […]

Scottish Income Tax Overview

Ever since the setting of Income tax laws were officially devolved to the Scottish Parliament in 2016, it was widely expected that changes to the Income Tax system would follow shortly afterwards. The Scottish Finance […]