HMRC could be increasingly likely to conclude that mistakes on tax returns are deliberate rather than an innocent error. According to the Daily Telegraph, there has been an increase in HMRC officials believing taxpayers are aware of the mistakes they are making and therefore applying more penalties. (more…)
The drum pounding began in earnest as the 2015 General Election approaches, but did we expect anything less from Chancellor George Osborne in his last Budget Speech of the current Parliament? Here we take a quick look at the main points impacting the UK's self-employed workforce and those working through a personal service company. (more…)
The Finance Bill 2014 has now been published by the government, meaning that the tax changes which were announced last year are now in force. Contractors and freelancers should make themselves aware of the new legislation in order to ensure that their finances and taxes are compliant with the system. (more…)