UK workers only have until today to cover all of the tax that they must pay in for this year (2009) according to Think Tank.
According to the Adam Smith Institute, this is a shorter wait than last year when ‘tax freedom day’, which was on 22nd May.
On average, a UK worker must work 134 days [...]
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Legally Employed, Or Self-Employed? What Does It Mean?
IR35 came into effect in April 2000 as a preventative measure against people the government felt were avoiding paying sufficient tax by declaring themselves self-employed while only working for one company. Those that fall into this category now have to pay Schedule E and National Insurance after the deduction of expenses.
Self Employed? Or Just Employed?
IR35 [...]
Tax Freedom Day Deadline – Today!
Small Businesses Should Have More Say
The Federation of Small Businesses (FSB) has recently shown its concern that small businesses should have more of a say where their taxes are spent.
The FBS is worried about the new Business Rate Supplement Bill, which may put heavier tax-related burdens on businesses. They have gone so far as to suggest some amendments to the [...]
FSB Upset About Possible Pending Tax Application Issues
Tax Returns Can Be Taxing!
Tax is the issue of the day for small businesses as the deadline for filing online tax returns is creeping ever closer. However, HM Revenue and Customs are getting a little worried as there has been a huge number of online applications already and the deadline isn’t until tomorrow.
Brought forward a [...]
Family business tax given time, but groups around the country demand more
Family businesses have been given a little room to breathe after the Chancellor Alistair Darling recently stated that they would not be liable for new tax laws until at least 2010.
Darling, who had announced a clamping down on families who split their income from their family run businesses in order to benefit from a lower [...]
SMEs Could lose £200m in Tax Relief Confusion
Over £200 million in small business tax relief is likely to be lost as a result of confusion over business rates policy within the government.
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