The government has revealed recently that “rip-off card charges” are to be banned from 13th January 2018. Many people and organisations make these charges, and we have been as annoyed as anyone else by unannounced charges being added at checkout. Charges made by the card companies to the supplier depends largely on the number of … Continue reading “Rip-off Card Charges” To Be Banned from 2018 →

If you operate under the umbrella of a limited company then you should be aware of changes that were introduced in June 2017 relating to “Persons of Significant Control” (PSCs). There has been a requirement since April 2016 for companies to maintain a register of people or organisations who effectively have some significant control over … Continue reading Changes in Control of Companies For Persons of Significant Control (PSCs) →

Yet another U-Turn by the government, and one which will be widely welcomed by the small business community. “Making Tax Digital” is a flagship project of the government, meant not only to bring the tax system into the 21st century, but also to bring in additional revenue of about £500m. The problem is that no … Continue reading Government U-Turn on ‘Making Tax Digital’  →

The verbal contortions exercised by our politicians make a corkscrew appear straight. The self-employed are facing a tax increase from April 2018 despite previous promises made to gain electoral favours. But significantly, the government is lying through its teeth about it. We do not necessarily object to an increase in Class 4 NIC of 2% … Continue reading Tax Rise, Tax Lies. The Self-Employed Face National Insurance Contribution Rise →

People tend to consider the rules concerning Income Tax and National Insurance to be the same. However, there are substantial differences, and these can have a dramatic effect on the amount payable. There are however anti-avoidance provisions to counter artificial arrangements. Let us look at a few of the main differences. Firstly, Income Tax is … Continue reading What Are The Differences Between Income Tax and National Insurance Rules? →