Class 2 NI abolition put back 12 months

The self employed pay both Class 2 and Class 4 NI.   Class 2 is a fixed weekly amount – sometimes called a stamp – Class 4 a variable amount related to profit. Its long been intended to abolish Class 2 NI, and the set date was April, 2018.  Yesterday, 2...

Claiming Clothes – HMRCs rules

Theres enough complexity in life, and you’d think that tax could be black and white – what you can claim or what you can’t claim.  Alas that simplicity doesn’t exist;  the area of allowable expenses is one of the key areas of uncertainty and...

Training and CPD – HMRCs guidance

There is often a grey area around claiming training costs and CPD. The rules are that “new skills” training can’t be claimed; CPD style training can be claimed. Alas there is often not a clear cut distinction and judgement is called for. Be prepared...

HMRC introduces 2 Step Verification

Users promised greater security and a safer online experience. From September 2017, HMRC will make it a requirement for all businesses using their online tax accounts to register for 2 Step Verification (2SV) – if not already using it. Users logging into their tax...

Tempted to run a Social Enterprise or Charity?

As businesses mature, and peoples priorities change, thoughts often turn to Social Enterprises and Charities, both for existing businesses and new ventures. We’ve written a new guide about how these work, and some of the pros and cons. You can read our guide...
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