HMRC

58% of self-employed workers don’t know how much their next tax bill will be

GoSimpleTax‘s Mike Parkes sets out his tax advice with just over a month to go until the January Self Assessment Deadline: There’s just over a month until self employed workers will need to submit their self-assessment tax return, and pay the tax they owe.A recent survey of self-employed workers by GoSimpleTax discovered that 58% don’t […]

Read More

Check your Self Assessment registration situation – heating and plumbing professionals urged

The year is flying by and time is gradually running out for you to check if you need to submit a Self Assessment tax return for the 2022 to 2023 tax year. If you need to register for the first time, you only have until 5 October 2023 to tell HM Revenue & Customs (HMRC).   […]

Read More

How the Self-Employed Income Support Scheme (SEISS) will affect 20/21 tax returns

The Furlough scheme allowed many self-employed installers financially affected by the Coronavirus pandemic to apply for grants through the Self Employed Income Support Scheme (SEISS), and allowed limited companies to apply for coronavirus loans. Following the Spring Budget announcement, these Covid grants have been extended, which means 21/22 tax returns could also include Covid Grant […]

Read More

IR35 and self-employment – What installers need to know

John Thompson, CEO of the Association of Plumbing & Heating Contractors (APHC) discusses what IR35 means for plumbing and heating contractors: In a recent court case it was ruled that Uber drivers are indeed workers, and not independent contractors as argued by Uber under IR35. So what is IR35, exactly, and why is it important […]

Read More

Worst excuses for late Self Assessments revealed

With the  2018/19 Self Assessment deadline looming, HMRC has issued its list of the top unreasonable excuses it has received from taxpayers trying to avoid a late filing penalty over the previous ten years. However, for those worried their own tax return won’t make it to HMRC on time, tax preparation specialist David Redfern, Managing […]

Read More