The recent announcement of new tax increases for the self-employed have been met with considerable criticism from the industry bodies representing freelancers and contractors.
Chancellor of the Exchequer Philip Hammond has used his spring Budget to announce an increase in National Insurance Contributions (NICs) from 2018, which will mean self-employed people earning over £16,250 will end up paying more in this tax from April 2018.
There has been a considerable rise in the popularity of freelance working in the last few years, according to a new industry report.
A new report has highlighted the growing contribution that freelancers are making to the UK economy.
Freelancers and self-employed people in the UK are not convinced that the introduction of a new government-appointed small business commissioner will make a difference in addressing the persistent problem of late payments.
Many self-employed people in the UK are not doing enough to prepare themselves financially for retirement, according to a new study.
UK companies continue to remain positive about their hiring intentions over the coming months, despite the challenges posed by the current economic and political climate.
The Department for Business, Energy & Industrial Strategy has commenced its search for the UK’s first dedicated small business commissioner.
HMRC’s new measures to crack down on abuse of a VAT simplification scheme may be ineffective and have unwelcome consequences for tax-compliant small businesses.
Matthew Taylor, head of the government inquiry into how employment practices in the modern economy, says there is evidence that businesses are using self-employment laws to avoid tax.