HMRC will pay a taxable grant to self-employed individuals and partners equivalent to 80% of their average trading profits for three months, capped at £2,500 per month. Who gets what? It is difficult for HMRC to determine how much self-employed individuals earn in real-time, in order to...
On 17 March, the Chancellor announced an unprecedented package of government-backed and guaranteed loans to support businesses, making available an initial £330bn of guarantees – equivalent to 15% of GDP. This was on top of a series of measures announced at Budget 2020, the government announced £30 billion...
Zak Jakubowski Reporter, Accountancy Daily View profile and articles. The #StoptheOffPayrollTax demonstration, trending on Twitter, was organised to campaign against the rollout of off-payroll rules to private companies. Over 300 campaigners gathered outside parliament to protest IR35 rules that will effectively bring the majority of contractors into income tax...
April 15, 2016 Quarterly tax return plan criticised by watchdog The Administrative Burdens Advisory Board, the independent body that oversees HMRC, has refused to support the Government's plans to force small businesses to submit quarterly digital tax returns. Under its Making Tax Digital strategy, HMRC has proposed that...