The Conservative Party wants to raise £6bn a year by clamping down on tax avoidance and evasion with the proceeds of the tax revenue received to go towards childcare benefits and to help pay for the proposal to introduce national service for 18-year-olds and to keep state pensions outside the threshold for income tax. Some […]

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The UK’s tax system is riddled with inefficiencies and unfairness, according to a new report by the Institute for Fiscal Studies (IFS), but tight public finances are making much-needed reforms difficult to implement. No political party wants to address it The IFS report argues that while tax revenues are currently at record highs, the way […]

The post IFS: UK tax system needs an overhaul: is it time for another song about the taxman? appeared first on Freelance Informer.

An IFS report is calling for policymakers and stakeholders to address the growing vulnerabilities faced by self-employed workers by considering greater unemployment and sick pay benefits for this growing and vital segment of the economy. Self-employed workers offer their views on the topic The number of people going freelance and starting businesses is growing in the UK. […]

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OPINION There are signs emerging that higher tax rates and fees for the self-employed could be on the cards to pay for the Companies House overhaul and new laws over off-payroll non-compliance Many people believe that most problems can be solved with money. But who ultimately pays the price is the million-dollar question. If tax […]

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If there is a call for ageing workers, especially senior executives, “to retire already” to give younger generations a chance to move up the corporate ladder, is the same being asked of freelancers? There are many liberating perks to being a freelancer as there are obstacles (no need to elaborate here, you will have your […]

The post One of the most liberating things about being a freelancer: you retire when and if you want to appeared first on Freelance Informer.

The Freelance Informer shares tips and news stories it has spotted this week. The great thing is, you can start to use some of the information right away to improve your freelance business. What to charge your clients as a creative freelancer This article by Creative Boom is a treasure trove of advice and tips […]

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A lot has been said about employment, inactivity and job vacancies over the pandemic, but what’s happening to earnings?  Salary trends in earnings using payroll data from HMRC revealed which sectors are seeing the highest pay rises. Is it time freelancers adjusted their rates accordingly? According to ONS figures, total pay (including bonuses) grew 7% in the […]

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The UK’s furlough scheme, which will be extended in full (80% of salary) until the end of March, with the Self-employment Income Support Scheme (SEISS) grant increased to 80% of profits for November to January, up to a maximum of £7,500, is a welcome relief – for those that are eligible. However, one year of […]

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