by Peter Bowyer | 25th March 2020 | Blog, Business, HMRC & Tax, Limited companies
Changes to IR35 have been delayed for a year while the UK tries to get to grips with the impact Coronavirus is having. The reforms were due to come into effect from 6 April 2020 and would have seen the responsibility for determining the employment status of a worker... 
by Peter Bowyer | 6th March 2020 | News
The Treasury has announced it’s going to raise the National Insurance threshold for 2020/21 to £9,500. Currently, workers start paying Class 1 National Insurance Contributions (NICs) when they earn at least £8,632. The 10% increase to £9,500 was approved by Parliament... 
by Peter Bowyer | 21st February 2020 | News
Changes to IR35 are coming into effect from 6 April 2020. With just a few weeks left until the new rules are introduced, this is the time for businesses and contractors to start getting ready. Below we explain everything you need to know including what the changes... 
by Peter Bowyer | 6th February 2020 | Blog
Providing a company car is a fantastic benefit for employees and can really help businesses to attract and retain great staff. The downside however is that this perk isn’t necessarily tax-free. It may also be liable for PAYE because HMRC considers the private use of a... 
by Peter Bowyer | 5th February 2020 | News
HMRC has revealed that nearly one million people missed the deadline for submitting their self-assessment tax return on 31 January 2020. This was however an improvement from last year when more than a million people missed the cut-off. Of the 11.1 million people who...