News Archive - May 2010

Coalition to clip HMRC's wings on freelance earnings tax

31/05/2010

Setting up as a company, effectively becoming a consultant or freelancer, could be in the future the best way to protect yourself from higher rates of tax announced by the coalition – there are signs that the new government is preparing to soften strict rules for the self-employed, including the IR35 rule , which have been in place for more than...
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UK Economy: Spending Cuts or Tax Increases - or both?

18/05/2010

Experts in the UK have warned that the biggest cuts seen for 65 years are now necessary in most government departments - up to 25 per cent reduction in budgets may be necessary. Chancellor George Osborne is preparing to unveil the first tranche, worth £6 billion, next week but cuts alone are unlikely be sufficient to deal with the deficit - the...
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