Confusion about the difference between an umbrella company and agency PAYE spread when Labour’s manifesto suggested banning the former. With that in mind, we unveil the distinctions you should be aware of.
While the self-employed helped Britain’s economic recovery, Charlie Mullins believes legislation is needed to ensure the paying of tax is better monitored.
Vernon Dennis explains why, despite the UK tax gap being at a record low, HMRC has placed SMEs in its crosshairs as a way of reducing it even more.
After the chaos on the eve of the self-assessment tax deadline in January, when a technology failure at HMRC cut callers off before they knew if payments had cleared, business owners have an extra incentive to get on top of things. Here’s how to make tax returns easy.
There are too many inconsistencies in the government's digital tax proposal, and businesses need to be thinking about how each will meet rescheduled tax payments.
The Conservatives have pledged to increase the number of startups to 600,000 a year by 2020. With only 36 per cent of leaders believing politicians understand SMEs, the nation's business owners have set up a manifesto of their own.
With the old adage stating “in this world nothing can be said to be certain, except death and taxes”, Real Business looks at all the important changes to the tax structure implemented at the start of the financial year.
In his last Budget speech before the general public go to the polls on 7 May and elect the next government, chancellor George Osborne will unveil plans to abolish the current annual tax return system and replace it with a flexible online version.
Over 70,000 employers are being urged to send employees' Pay As You Earn (PAYE) information in real time or face penalties, HM Revenue and Customs (HMRC) announced today.
The number of small businesses in the UK is on the rise, with numbers reaching at least 4.5m. This growth didn’t just happen overnight, but over a five-year period, with an evident post-recession spike. The recession found many people redundant or jobless, leaving some no alternative than to become entrepreneurs.
In April, it will have been a year since HMRC introduced Real Time Information (RTI). The relaxation will be coming to an end in April however, and businesses need to be thinking about what they need to do to ensure that they will be fully compliant.
Accountant Craig Sullivan argues that this year’s revision to the PAYE legislation is only the latest in a line of tax changes and other regulatory movements that will hit UK business.