Self-employed population passes five million

The number of self-employed workers in the UK is estimated to have passed the five-million milestone, official statistics show. The Office for National Statistics' first labour market survey of the new decade showed the figure increased from 4.96m in December 2019....

Last call to submit tax returns for 2018/19

We may only be a few weeks into 2020, but that didn't stop HMRC from releasing a cringeworthy press release urging taxpayers to "get quacking". That dreadful pun serves as a reminder that the deadline for submitting tax returns relating to 2018/19 is at midnight on 31...

Choosing a business structure

When you’re starting a business, one of the first questions to consider is which type of legal entity to use. Will you set up as a sole trader, a limited company, a partnership, or something else altogether? There’s no right or wrong answer to this. The best way to...

Pension exclusion ‘sees under-22s miss out on £18,000’

Employees under the age of 22 could be missing on up to £18,000 as a result of being excluded from auto-enrolment, a report has claimed. The Department for Work and Pensions (DWP) conducted a review into the Government's workplace pensions scheme back in 2017. One of...

Tax group calls for letting relief transition

Proposed changes to letting relief should be transitionally phased in to prevent landlords from paying significantly higher capital gains tax bills, a tax group has said. Until the end of 2019/20, landlords can claim letting relief of up to £40,000 if they have lived...