With potential spending cuts or tax rises looming in the autumn Budget, personal finance experts share six proactive steps freelancers can take now to safeguard their finances Surprises that come in boxes are usually a good thing. However, personal finance and pension experts say any surprises coming out of the Chancellor of Exchequer’s Red Box […]

The post Six ways Brits can save money from any surprise autumn Budget tax rises and spending cuts appeared first on Freelance Informer.

The increase in Employers’ National Insurance (NI) is likely to have the biggest impact on businesses that stopped using freelance workers because of the off-payroll working rules, says IR35 expert Introduced on 6th April 2025, Employers’ NI has gone up from 13.8% to 15%. At the same time, the point at which businesses start paying […]

The post “HA-Haw”: Companies that blanket banned freelancers hit hardest by Employers’ NI increase appeared first on Freelance Informer.

The UK’s self-employed must brace for HMRC’s latest direct debt recovery, penalty fees and filing burdens. But there is some promising news on the horizon: the government is coming down hard on tax avoidance schemes that target independent workers This article has been updated on 27.03.25 2025 SPRING BUDGET What is covered in this report: […]

The post Spring Budget: self-employed face debt raids & fines appeared first on Freelance Informer.

Trading financial security for a slightly less miserable hangover in 2025 and where to get “free” booze OPINION It’s March 2025, and I’ll bet my last bottle of cost-sensitive Spanish Verdejo that someone, somewhere, is trying to jam another crate of wine under their stairs. It’s a bit like the 2020 toilet paper panic, but […]

The post Can we survive the Great British Booze Tax of 2025? appeared first on Freelance Informer.

HMRC’s reduced interest on late payments hides the refunds “elephant in the room” says one contractor sector specialist The UK tax authority, HMRC, recently announced a reduction in the interest rate charged on late tax payments, effective from the 18th of November. This change, from 7.5% to 7.25%, follows the Bank of England’s decision to lower […]

The post Should HMRC profit from taxpayers? appeared first on Freelance Informer.

The recent hike in employers’ national insurance tax has sent ripples through the contracting world, leaving many unsure of whether to celebrate or brace for impact. While some contractors may find themselves with unexpected benefits, others could be facing a hefty financial blow. But the implications go even deeper than individual wallets. This tax change […]

The post ENI tax hikes: experts say the implications could be costly and risky for some contractors appeared first on Freelance Informer.

Many freelancers are already feeling stressed about “painful” surprises that could be announced in the Labour Party’s Autumn Budget. That is why freelancers should aim to get their tax returns sorted now, rather than when the annual January Blues hit. Early birds get refunds quicker While 31 January is the final deadline for online tax […]

The post Freelancers urged to file taxes early: here’s why appeared first on Freelance Informer.

Rumours of the October Budget revealing increases to Capital Gains Tax (CGT) and Employer National Insurance could significantly squeeze the income of umbrella company contractors, impacting both their take-home pay and long-term financial planning. Here we go into more detail on how these changes might negatively affect umbrella workers, even if it means their services […]

The post Double tax hit looms for umbrella contractors appeared first on Freelance Informer.

Recruitment agencies and contractors alike are bracing themselves as the new government’s Budget proposals loom large, with potential changes that could drastically alter the recruitment landscape. Mary Maguire, Managing Director at Astute Recruitment Ltd, is among many recruiters warning that the impact of the pending UK Budget could be significant on recruitment levels. The concern […]

The post UK Budget: Recruiters warn contractors, clients and umbrella companies to brace for harsh landing appeared first on Freelance Informer.

While the 2p reduction in national insurance contributions may offer short-term relief for some, experts warn that it could pave the way for the government to seek revenue elsewhere to pay for salary pay rises of public sector workers and pay off government debt. Freelancers Face Unique Challenges Freelancers, who often rely on irregular income […]

The post Freelancers Brace for Impact: National Insurance Cut May Get Cancelled Out By Replacement Tax Hikes appeared first on Freelance Informer.