Are you ready for Making Tax Digital (MTD)?
Before I do the ‘old scare stories’ let me be clear on where we stand with Making Tax Digital (MTD). From April 2026, MTD requires self-employed people earning above £10,000 to send HMRC quarterly updates, There will then be a Final Declaration using MTD-compatible software.This replaces the current system, which requires self-employed people to submit […]
Spring Statement: A tax cut spree
In yesterdays Spring Statement, the Chancellor announced a new “tax plan” that will ensure the government takes a “principled approach to cutting taxes”. These were made to support the UK economy after inflation hit a 30 year high of 6.2% in February. Some of the key measures Rishi Sunak announced as part of the plan […]
I performed surgery in a pub in Torquay last month
In the early days of Eazitax, Operators would invite me to cab offices to give drivers tax advice. We called it a ‘Tax Surgery’ because usually I’d be called in to fix a serious problem for someone.
Do Drivers Still Need Accountants?
Do Drivers Still Need Accountants? Are we needed? When this was discussed as the subject of my article this month, I was tempted to say no and retire and go fishing, but then I remembered that firstly I don’t know how to fish. and secondly, it’s essentially wrong. Once again, I am going to refer […]
The End of an Era? Tech and Workers Rights.
The End of an Era? Tech and Workers Rights. What Uber did Next… Stop press, hold the front-page Uber does deal with the GMB union. As I finish proofing this article the news comes in about the epoch-making (not my phrase, borrowed from the press) deal with a ground transport provider…. Obviously except for the […]
The End of The Hidden Economy? HMRC To Enforce Tax Checks on New and Renewed Licenses.
The End of The Hidden Economy? HMRC To Enforce Tax Checks on New and Renewed Licenses. Well, they threatened, and then they consulted, and then this: The consultation discussed the principle of conditionality, which would involve making access to licences or services needed to trade conditional upon tax registration. It explored how conditionality could […]
The Oncoming Storm. How the construction industry must prepare for IR35
The Oncoming Storm. How the construction industry must prepare for IR35 As we slowly and painfully extricate ourselves from lockdown and look at the world around us. Many of our hopes and dreams have been delayed. Unfortunately, there are still some things that irrevocably moving forward despite this. As I write all available information suggests […]
How to make a Personal Tax Account with HMRC
Click here to view an updated version of this post. Registering for a Personal Tax Account with the UK Government is free and can be done in just 10 minutes. You’ll need: Your National Insurance number. Your Passport. You can use your personal tax account to: check your Income Tax estimate and tax code […]
Open banking, MTD and The Personal Tax Account – what does 2018 have in store for us?
Open Banking A quiet little deadline passed in January with the introduction of open banking. It is a series of new rules meaning that banks must let you share your financial info with other authorised providers. It was originally called for by financial industry watchdogs and its proper name is ‘The Second Payment Services Directive’ […]
Get it in
HMRC has recently published an update on the amount of tax they have collected since the introduction of the current batch of targeted campaigns against tax avoidance. HMRC’s approach since 2007 has revolved around offering specific sectors and areas including property sales, plumbers, electricians and members of the medical profession. In total HMRC says that […]
