A Contractor group has called on HMRC to open a ‘suicide hotline’ in response to the new loan charge
Volunteer support group – the Loan Charge Action Group (LCAG) – which represents contractors and freelance workers, has called on HMRC to set up a 24 hour ‘Suicide Hotline’ to deal with the increasing number of people concerned…
Non taxable benefits and payments to employees
Not many people realise but there is an extensive list of benefits and payments that an employer can give to an employee without having to pay income tax or national insurance on and they do not have to…
Are you a worker or a contractor?
It was hard to miss the news last week that Pimlico Plumbers lost their case in the High Court against former employee Gary Smith. Smith argued that despite being VAT registered and paying self-employment income tax, he was…
What can HMRC find out about you?
What can HMRC find out about you? When meeting new prospects we often hear “Well, HMRC won’t find out about that’ and we cringe. Not just because they’ve just effectively admitted tax evasion, but because HMRC can find…
Disguised Remuneration – HMRC crackdown with the New Loan Charge
HMRC has started its crackdown on disguised remuneration – basically tax evasion – and is warning against joining schemes that advertise themselves as avoiding the new loan charge. They don’t avoid the charge and may land you in…
What does my tax code mean? 18/19
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold on you, and…
The most tax efficient way to pay yourself in 2018/19
The most tax efficient way to pay yourself in 2018/19 The last tax year ended 5th April and the 2018/19 started on the 6th, meaning that new rules and allowances apply – so you need to find the…
What is a P11D and do you need to complete one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC detailing benefits paid to their employees and the cash equivalents of those benefits. You will also need to file a P11D(b)…
IR35: Are you employed or self-employed?
Are you employed or self-employed? And why does it even matter? Why should I be concerned about IR35? You should be concerned about IR35 because if HMRC take a different view to you on whether you are employed…
Minimum Wage and Living Wage set to increase
What is the national minimum wage and national living wage? On 1st April 2018 both the National Minimum wage and National Living Wage are set to increase, including the largest increases in a decade for the rates that…