Tackling non-compliance in umbrella companies

Tackling non-compliance in umbrella companies

HMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain. Umbrella companies are often used by temporary or contract...
Companies spared from Making Tax Digital

Companies spared from Making Tax Digital

HMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes. No start date had been set for MTD for CT, under which companies would have been required to maintain digital records; send...
Making Tax Digital for Income Tax – exemptions

Making Tax Digital for Income Tax – exemptions

In just over six months the first group of taxpayers will be required to join HMRC’s Making Tax Digital for Income Tax (MTD IT) programme. Some individuals may be able to avoid this by claiming an exemption. Self-employed taxpayers and landlords with qualifying...
Class 2 NIC error update

Class 2 NIC error update

From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 NICs. Instead those taxpayers will receive a National Insurance credit to secure their access to contributory benefits such as the state pension....