Average household debt in the UK is now higher than during the 2008 financial crisis, according to a study by the Trades Union Congress (TUC). The TUC have claimed that average household debt is currently 31% above its peak before the financial crisis. The study...
HMRC have issued guidance on understanding the difference between genuine Revenue contact and phishing emails. Criminals use phishing emails to try to obtain taxpayers’ personal or financial information. HMRC stated that these emails often contain a link to a...
According to the latest data from HMRC’s Fraud Investigation Service (FIS), £5 billion was raised through fraud investigations in 2019. The figures show that over 600 individuals were convicted for tax crimes in the last year. Also, in the last 12 months the FIS...
The government has launched a review into the new IR35 tax rules that are due to come into effect 6th April 2020. You may be affected by these rules if you are: a worker who provides their services through their intermediarya client who receives services from a worker...
You must submit a tax return if, in the last tax year (6 April 2018 to 5 April 2019), you were self employed and earned over £1000 or you were a partner in a business partnership. If your only income is from your wages or pension, you will not usually need to send a...
