Money News

Businesses wronged by HMRC face 45% tax rate

Treasury's 'special' rate for firms to pay is akin to an 'iron fist in a not so velvet glove.'

Dec 1, 2015 | Money News

Digital freelancers cautioned over EU VAT consultation

Any significant relief is 18 months away at very, very best, micro-businesses told.

Nov 17, 2015 | Money News

Freelancers' Questions: What if I've been paid in euros but want pounds?

Time and fees at the bank could all add up for a freelancer paid in his client's currency.

Nov 15, 2015 | Money News

Freelancers' Questions: How to know if euros or pounds are preferable?

Getting paid in the currency you need is better than knowing the latest exchange rate.

Nov 8, 2015 | Money News

HMRC customer service 'worse than abysmal'

Scathing report reveals the Revenue is failing millions of taxpayers on multiple fronts.

Nov 4, 2015 | Money News

Six times as much tax lost to crime as to avoidance

Taxman told to put more effort into combating £16bn worth of illegal activity.

Oct 27, 2015 | Money News

Freelance body backs slip into deflation

One-man bands will welcome lower prices, says IPSE.

Oct 14, 2015 | Money News

Late payers 'pushing suppliers into VAT arrears'

The upturn is helping stack the odds of small traders paying VAT on time against them.

Oct 11, 2015 | Money News

Lay down late payment law, commissioner told

Existing remedies for the unpaid hailed as better than new cures.

Oct 6, 2015 | Money News

Freelancers' Questions: How to treat profit from VAT Flat Rate Scheme?

Expert helps a freelancer fazed by the gains from going flat for VAT purposes.

Oct 4, 2015 | Money News

HMRC 'nudge' letters denounced as unfair

Revenue resorts to manipulating the subconscious of those who won't pay.

Sep 24, 2015 | Money News

Tax debtors face home visit and auction fees

Owing over £1,500 raises the prospect of an inspector calling (and auctioning your goods).

Sep 8, 2015 | Money News

Owners spending less on their business

Not investing as long, or as much, is the modus operandi of many a tiny trader.

Sep 6, 2015 | Money News

Tax receipts hit record high

Latest count of cash flowing into the exchequer shows the highest numbers ever.

Aug 27, 2015 | Money News

Tax enquiry length increases to three months

Stress, cost and duration all going in the wrong direction for investigated taxpayers.

Aug 16, 2015 | Money News

Late payment tsar looks unconvincing to freelancers

A potentially toothless tsar who's quick and cheap won't fill the unpaid with confidence.

Aug 11, 2015 | Money News

Small Business Commissioner to aid unpaid freelancers

The much-criticised small business conciliation service is launched under a new name.

Jul 30, 2015 | Money News

Osborne used 'tax imbalances' to meet £5bn target

Only with the likes of the dividend tax hike can the chancellor keep his party's promise.

Jul 16, 2015 | Money News

Small suppliers ignoring prompt payment advice

Not even a third of small suppliers chase big clients in the first week of being unpaid.

Jul 13, 2015 | Money News

Double-check demands for underpaid VAT, traders told

Taxman accused of breaking his own rules on how far he can go back to assess VAT.

Jun 22, 2015 | Money News

Tax informants paid a record amount

New high in HMRC payouts to tax whistleblowers, who are increasingly finance professionals.

Jun 17, 2015 | Money News

Why a plan to recover the sums freelancers are owed doesn't add up

Anti-late payment medley, led by a conciliation service, smacks of Groundhog Day.

Jun 11, 2015 | Money News

‘Universal Credit to hurt almost 1m freelancers’

Government told to reform the new benefits system so the self-employed won’t be worse off.

Jun 10, 2015 | Money News

Taxman eyes businessmen in jail for evasion push

Anti-evasion officials are pressing to put 'moderately successful professionals' in prison.

Jun 4, 2015 | Money News

HMRC hits eBay sellers but halts late filing fines

Earning £100 online provokes the taxman, while incurring it pacifies him.

Jun 2, 2015 | Money News

Industry bodies await 'unfair' payment power

Government to consult on how representative bodies can challenge payment terms.

May 27, 2015 | Money News

Ex-HMRC officer caught in £12,000 tax fraud

Online trader who was let go by the Revenue only to lie on his tax return is sentenced.

May 26, 2015 | Money News

Tax experts optimistic about penalty review

Wide-ranging look at penalties considers what to do if 'life just gets in the way.'

May 20, 2015 | Money News

Freelancers’ Questions: Will being self-employed affect my mortgage?

Becoming self-employed isn’t necessarily your lender’s business, reassures an IFA.

May 14, 2015 | Money News

Droves of digital firms waiting on EU VAT rule exemption

'Tens of thousands' of digital suppliers hope an exemption from VAT rules emerges this month.

May 4, 2015 | Money News