In today’s mini-Budget, Chancellor Kwasi Kwarteng announced some dramatic tax cuts – aimed at both businesses and individuals. Here we have highlighted the key points.
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In his ‘mini Budget’, Chancellor Kwasi Kwarteng announced that the Off Payroll working rules will be abolished from April 2023.
A number of contractors have received letters from HMRC as a result of their accountants being investigated under the Managed Service Company legislation. What should you do if you receive a letter?
Just over a year since the introduction of the Off Payroll rules in the private sector, the Public Accounts Committee has released a damning report on the implementation. A new contractor survey backs up the findings.
The MSC legislation has made the headlines again in 2022 as several contractor accountancy firms – and their clients – are being investigated by HMRC.
The Chancellor announced a number of tax changes during the March Spring Statement – most notably a rise in the threshold before employees are liable to pay National Insurance Contributions.
Aside from the price cut for a bottle of Prosecco, the 2021 Autumn Budget will be remembered mainly for confirming a wide range of future tax increases for both businesses and individuals, and unprecedented levels of public spending.
In line with a series of amends to VAT payments made by the government in response to the COVID-19 pandemic, the VAT deferral payment scheme was introduced to support businesses during the pandemic, helping them preserve cash during an undoubtedly challenging time for many small business owners.
With the first recipients now due to start repaying their Bounce Back Loans, it is clear that a significant proportion of firms will be unable to meet these repayments. What if your company used a loan to make dividend payments?
The Government has published guidance on so-called ‘mini umbrella company fraud’ – the widespread practice of setting up multiple companies to employ workers – with the sole aim of defrauding the taxman.