Tax News
The latest tax news from around the Houses of Parliament, HMRC, the Governement and the Web
How will NIC increases to pay for health and social care affect you?
GoSimple Tax article on the social care tax rise passed in yesterdays Commons vote. How will it effect sole traders, employees and landlord's?
Free Webinar: Sole Trader v Ltd Company
GoSimple, in conjunction with Listentotaxman, bring you a free webinar on Sole Trader v Limited Company. Thursday 8th July at 3pm
Increase in minimum wage to £8.91 per hour
April 1st brings the annual increase in the Minimum Wage rates.
Forgot about Self-Assessment deadline? Have a look at the fines
Here we show just how much a late return and /or a late payment on your self-assessment could cost you.
Carry forward past years pension allowances
Previous years unused pension allowances can be carried forward so you can exceed the £40,000 tax free limit this year.
Understanding the SEISS Extension
If you’re self-employed, the latest U-turn in government policy could well benefit you. Instead of ending on the 1st October 2020, the Self-Employment Income Support Scheme (SEISS) is extending to April 2021.
Home Working Allowance
If you are working from home you may be entitled to claim the working from home allowance? At £312 a year tax free, it is worth finding out if you qualify.
Self Employed- The end of the traditional Self Assessment return is nigh
HMRC extend Making Tax Digital rules to all VAT registered and Self Assessment returns starting 2023.
COVID 19 Business Support for Individual Landlords
Information on supports for landlords during the COVID-19 crisis.
- Budget 2021 What to expect today [Wed, 03 Mar 2021]
- Budget 2021 Sunak's Taxation Sandwich [Wed, 03 Mar 2021]
- HMRC extend Self-assessment deadline [Mon, 25 Jan 2021]
- Tax free alternatives to the Staff Christmas Party in the time of COVID [Tue, 08 Dec 2020]
- HMRC list of the top mistakes employers make when paying the National Minimum Wage [Wed, 28 Oct 2020]
- Have you missed the the deadline to post your Self-assessment return [Thu, 22 Oct 2020]
- 5th October is the deadline for registering as Self-employed [Fri, 02 Oct 2020]
- Rishi Sunak's Summer Statement [Wed, 08 Jul 2020]
- Self-Employment Income Support Scheme - Deadline Mon 13th July [Tue, 07 Jul 2020]
- Self-employed: Should You Defer Your Second Payment On Account? [Tue, 07 Jul 2020]
- Self-Employed Hospital or Key Worker Allowances [Mon, 08 Jun 2020]
- Self Assessment - why file your 19/20 tax return NOW [Mon, 06 Apr 2020]
- Increase in Minimum Wage from today [Wed, 01 Apr 2020]
- Covid 19 help for the Self Employed [Fri, 27 Mar 2020]
- You have 4 weeks left to file your 18/19 tax return to enable you to access the Self Employed Income Support Scheme. [Fri, 27 Mar 2020]
- The Evolution of the Let Property Campaign and its Issues [Wed, 25 Mar 2020]
- Covid 19 Emergency Measures announced for Business, Employees and Self Employed [Fri, 20 Mar 2020]
- Budget 2020 Highlights [Wed, 11 Mar 2020]
- Sole Traders – How to prepare yourself for the New Tax Year 20/21 [Tue, 10 Mar 2020]
- Who needs a UTR number anyway? [Thu, 02 Jan 2020]
- How to pay less tax in 2019-20 for Small Business Owners [Mon, 25 Mar 2019]
- Student Summer Jobs and Tax, all you need to know. [Tue, 24 Jul 2018]
- Ways to save on your tax bill [Thu, 05 Jul 2018]
- 2018/2019 Tax Rates and Bands Now Integrated [Tue, 13 Mar 2018]
- Ways to pay your Tax Bill [Thu, 14 Dec 2017]
- How to reduce your tax bill if you are Self-employed [Thu, 14 Dec 2017]
- Working from home - allowances for the self-employed [Thu, 14 Dec 2017]
- Top tips on DIY Self-assessment tax returns [Thu, 14 Dec 2017]
- Draft 2018 Tax Calculator [Wed, 22 Nov 2017]
- Act now or lose out on claiming back tax from 12/13; unused pension allowance 13/14 [Thu, 30 Mar 2017]
- 2016/17 End of year tax planning-use your allowances to reduce your tax bill [Thu, 30 Mar 2017]
- Spring Budget 2017 - the headlines [Wed, 08 Mar 2017]
- Last minute return? Self Assessment checklist and tips [Fri, 20 Jan 2017]
- Highlights of Philip Hammond's Autumn Statement [Tue, 06 Dec 2016]
- Tax Credit overpayment problems predicted as the disregard drops back to 2005 level. [Mon, 27 Jun 2016]
- 2015/16 End of year tax planning-use your allowances to reduce your tax bill [Fri, 01 Apr 2016]
- Check your Tax Credits, or you could be out of pocket [Sun, 27 Mar 2016]
- 2016/17 updates now live on the calculator [Wed, 16 Mar 2016]
- Talking points from todays Budget Announcement. [Wed, 16 Mar 2016]
- Emergency Summer Budget tomorrow, Wed 8th July. Get our updates on Twitter & Facebook. [Tue, 07 Jul 2015]
- Summary of 2015/16 budget changes [Wed, 18 Mar 2015]
- 2014/15 end of Tax Year planning-Use your Allowances to reduce your tax bill. [Wed, 11 Feb 2015]
- Contracting / Freelancing - 10 pitfalls to avoid [Mon, 01 Sep 2014]
- 2014/15 Tax rates and Thresholds are live [Mon, 17 Mar 2014]
- Summary of Budget Tax changes for 2013/14 [Thu, 21 Mar 2013]
- HMRC goes after property tax evaders [Wed, 06 Mar 2013]
- New Child Benefit Loss Calculator [Thu, 21 Feb 2013]
- Soften the Child Benefit blow with these tips [Wed, 13 Feb 2013]
- More men over 50 becoming their own boss [Thu, 07 Feb 2013]
- Looking to invest? The SEIS offers serious tax breaks. [Wed, 16 Jan 2013]
- HMRC scheme offers a chance to catch up on VAT Returns [Wed, 09 Jan 2013]
- £130 increase this year in cost of living for UK families [Sat, 17 Nov 2012]
- New Child Benefit Charge. How much it'll cost you? [Wed, 31 Oct 2012]
- Paper Based Tax Return Deadline: October 31st 2012 [Thu, 25 Oct 2012]
- HMRC Tax Return Initiative [Thu, 04 Oct 2012]
- HMRC Direct Selling [Thu, 04 Oct 2012]
- 14th Sept: Deadline for online traders to come clean [Wed, 12 Sep 2012]
- Only 1/3 think Budget helps middle income families [Fri, 27 Apr 2012]
- New Tax codes to be issued as allowances rise [Fri, 27 Apr 2012]
- Revenue to toughen up on Self Employed [Fri, 27 Apr 2012]
- Public Opinion: Granny tax and high earners cut unfair! [Fri, 27 Apr 2012]
- BUDGET: Government to scrap age related allowances [Fri, 27 Apr 2012]
- BUDGET: Tax relief for games industry [Fri, 27 Apr 2012]
- BUDGET: Chancellor announces tax changes [Fri, 27 Apr 2012]
- BUDGET: Reduction on 50% tax [Fri, 27 Apr 2012]
- How Britain’s richest avoid paying tax [Fri, 27 Apr 2012]
- New rise in stamp duty attacked by IFS [Fri, 27 Apr 2012]
- New Government could mean new taxes for expats in France [Fri, 27 Apr 2012]
- Consultation to be held on ‘tycoon tax’ [Fri, 27 Apr 2012]
- Tax Payers to receive personal statement by 2014 [Fri, 27 Apr 2012]
- Cap could deter philanthropists from giving to charities [Fri, 27 Apr 2012]
- Higher Air Passenger Duty may damage UK economy [Fri, 27 Apr 2012]
- Tax Direction: Granny Tax II is media hype! [Fri, 27 Apr 2012]
- New ISAs but 29% don’t understand them [Fri, 27 Apr 2012]