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HMRC warns of Tax Returns scams!

The tax office has issued a warning about 'the most sophisticated and prolific' scam it has ever encountered. Last week, HMRC reported over 80,000 instances of a tax fraud email.

Restrictions for UK labour market continue

The government said on Tuesday it would keep restrictions on the number of Romanians and Bulgarians allowed to work in Britain until the end of 2011 to protect British workers during the recession.

Self-Employment Registrations new format

Starting with 10 Aug 2009 HMRC has changed the registration procedure for individuals who wish to register as self-employed in the UK.In order to register you would need to provide a National Insurance Number

CSCS - compulsory starting with 2010

Working at height, heavy lifting and operating industrial machinery is all part of a day’s work for the 2 million people employed on building sites across the UK. CSCS Health and Safety Certification compulsory in 2010.

Companies Act 2006 - from 01/10/2009

The new Companies Act 2006 came fully into force on 1st October 2009. One of the most visible changes which took place is in the way limited companies interact with Companies House.

Small businesses delay paying £2.5bn

The government’s scheme to ease tax demands on small businesses has mounted to £2.5bn as 141,000 tax rescheduling agreements have gone through in the last six months.

Self Employment and the Employer

When it comes to contracts and self employment there will be some differences between those rights afforded to employees working for an employer and people who are self employed.

Return of 17.5% VAT

Retailers have slammed the government for the timing of its VAT increase which is to return its original 17.5% in the New Year - the busiest period in the year for the shops and retailers.

Pension planning for the self-employed

A pension gives you a retirement income, paid for by investments built up during your working life. The state pension is funded by your National Insurance contributions but only provides a basic income.

N I Contributions for the Self-Employed

If you are registered as self-employed then you are required to pay income tax and social contributions. In this article we will be focusing on the Class 2 contributions.