IR35 reforms taking their toll on skilled contractors

One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation, according to research published by the Association of Independent Professionals…

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Revitalise 'Brand Britain', says CBI

Revitalising 'Brand Britain' in its first 100 days in office should be a priority for the party that wins the General Election, says the Confederation of British Industry (CBI).

In…

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UK announces National Wealth Fund

The UK government is planning a National Wealth Fund to stimulate private sector investment backed by £7.3 billion in funding through the UK Infrastructure Bank (UKIB).

Chancellor Rachel Reeves…

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Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including:

  • electronic payment deadline falls on a weekend

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£5.5 billion lost as a result of tax evasion

An estimated £5.5 billion was lost due to tax evasion during 2022/23, according to a report published by the National Audit Office (NAO).

The NAO stated that 'significant weaknesses'

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Scams warning as self assessment deadline looms

HMRC is warning of scam attempts targeting self assessment taxpayers in the run up to the 31 January deadline.

Last year, concerned taxpayers reported nearly 150,000 scam referrals to HMRC.

Around…

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Government launches Industrial Strategy Advisory Council

The UK government has launched a new Industrial Strategy Advisory Council which brings together business leaders from across the UK to offer advice.

The government says the Industrial Strategy…

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Government commissions review of the Loan Charge

The government has commissioned an independent review of the Loan Charge.

The Exchequer Secretary to the Treasury made a Written Ministerial Statement announcing that Ray McCann, a former…

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Side hustle trading threshold raised to £3,000 per year

The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

This includes people trading clothes…

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