
The rules for individuals providing services to certain private sector organisations via an intermediary such as a personal service company (PSC) changed from 6 April 2021. The new rules mean that medium and large-sized clients are now responsible for deciding whether the intermediaries’ legislation applies to their workers. This includes charities and third sector organisations. The changes mainly apply to businesses with an annual turnover of more than £10.2 million.
HMRC has laid out some helpful best practice points to be aware of in complying with the rules:
This is also relevant to agencies of any size who supply contractors that may be affected by these rules.
A couple in their late sixties own a home worth £750,000 and have £700,000 in savings and investments. Their combined...
A pharmacy can look profitable on paper while still facing tight cash flow. NHS income, retail sales, dispensing margins, staff...
Capital Gains Tax is becoming increasingly important for UK crypto investors as HMRC gains access to more detailed information about...
A sole trader may have completed the first MTD quarterly update without realising that the next deadline is already approaching....
A client came to Apex Accountants last week, a sole trader with two income streams, unsure whether she had met...
We are increasingly asked the same question by clients who have heard about Making Tax Digital but are not sure...
Miss a tax deadline today and HMRC charges 7.75% a year on the outstanding balance. The Bank of England’s base...
The government’s announcement, made in July by new Prime Minister Andy Burnham as one of his first acts in office,...
For UK taxpayers asking “What happens to my Personal Allowance if I earn over £100,000?”, the answer depends on HMRC’s...
For UK employees, pensioners and employers asking, “What should I put for personal allowances?”, the answer depends on the person’s...