self employed Articles

Why Introduced:

So HMRC can tackle Employment Intermediaries that use false self-employment and offshore locations to reduce taxes and avoid employment rights.

HMRC want to know amounts paid to workers supplied by the Employment Intermediary where PAYE has not been deducted.

If you are self-employed or a sole trader it is important that you keep a record of all your business income and expenses in order that you can complete your annual tax return. You also need to keep a record of other income you receive i.e. bank interest, dividends etc.

marketing | 17 February 2015
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Ed Balls has received controversy for saying we should always get a receipt when paying cash-in-hand for a job, however small. He is quoted as saying he always gets a receipt even when paying £10 for having his hedge cut.

Whilst it would be great for all of us if everyone paid their fair share of tax, it is not that simple and unfortunately it is often the case that people are happy to pay cash if it means they can get a job done cheaper.

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