Returns to Sender

HMRC first announced plans for Making Tax Digital, a huge overhaul of the tax compliance system, in 2015. I was invited to an early consultation with HMRC where I and other tax professionals discussed HMRC’s idea to require all self-employed taxpayers to send...

An ill-assorted smorgasbord

This Budget, with fevered speculation, leaks, rumours, and pre-announcements, has had a bigger build up than a blockbuster film. In what was never going to be an easy Budget given the state of the UK economy, many tax commentators favoured a rise in income tax. A...

In The Sights

Very little about tax in today’s Spring Statement. Much of the Statement focused on targets already set being met amid global uncertainties, including maintaining ‘fiscal headroom’. The main tax news for self-employed taxpayers is administrative. The...

Big spender – balancing the books

Few people will have envied the new Chancellor’s task in setting today’s Budget. The stated aim was to support ‘working people’. To an extent, the plans outlined do that. Promises not to raise the rates of income tax, self-employed or employee...

‘The rest is drag’

The March Budget featured a cut in the main rates of national insurance. This drops in April 2024 to 6% for the self employed, and to 8% for employees. This is a quick way to be seen to boost after-tax income for earners. However, most other rates and allowances are...