HMRC's lower interest rate on late payments overshadows refund disparityHMRC reduces late tax payment interest rates to 7.25%, highlighting unfair disparities with only 3.75% interest on refunds.Self-employed individuals are particularly affected by the unfavorable interest rates from HMRC.
Taxpayers will be charged 7.25% interest on late tax payments, but HMRC will repay only 3.75% interest on refunds - London Business News | Londonlovesbusiness.comHMRC reduces interest on late tax payments to 4.75%, but warns taxpayers to remain vigilant ahead of the January self-assessment deadline.
Payments on Account for Self-Assessment: What They Are and How They WorkPayments on Account help manage UK tax payments for self-employed individuals by breaking down their tax liabilities into advance installments.
HMRC's lower interest rate on late payments overshadows refund disparityHMRC reduces late tax payment interest rates to 7.25%, highlighting unfair disparities with only 3.75% interest on refunds.Self-employed individuals are particularly affected by the unfavorable interest rates from HMRC.
Taxpayers will be charged 7.25% interest on late tax payments, but HMRC will repay only 3.75% interest on refunds - London Business News | Londonlovesbusiness.comHMRC reduces interest on late tax payments to 4.75%, but warns taxpayers to remain vigilant ahead of the January self-assessment deadline.
Payments on Account for Self-Assessment: What They Are and How They WorkPayments on Account help manage UK tax payments for self-employed individuals by breaking down their tax liabilities into advance installments.
Labour announces 1,400 pay rise for workers - London Business News | Londonlovesbusiness.comOver 3 million workers will see a 6.7% pay rise in April 2025, benefiting both traditional and flexible workers in the UK.
Over half of self-employed list 'irregular income' as their top challenge in 2024 - London Business News | Londonlovesbusiness.comThe cost-of-living crisis significantly impacts the self-employed, leading to challenges like irregular income and decreased client bases.
EXPLAINED: How to understand your German tax billFreelancers and self-employed individuals in Germany need to be aware of tax obligations to avoid unexpected bills at tax season.
Two million self-employed workers face pension crisis, warns IFSThe UK self-employed workforce faces a pensions crisis with inadequate savings.Only 25% of self-employed individuals are expected to retire with sufficient income.
Reeves promises of 'pro-business' government will fall flat without considering self-employed - London Business News | Londonlovesbusiness.comReeves outlined Labour Party's economic vision, emphasizing cooperation with businesses and commitment to keep Corporation Tax stable.
General Election 2024: Parties urged to consider self-employed 'tax shake-up' - London Business News | Londonlovesbusiness.comPoliticians are urged to consider the needs of the 4.2m self-employed voters, recommending a tax shake-up to win their support.
Reeves promises of 'pro-business' government will fall flat without considering self-employed - London Business News | Londonlovesbusiness.comReeves outlined Labour Party's economic vision, emphasizing cooperation with businesses and commitment to keep Corporation Tax stable.
General Election 2024: Parties urged to consider self-employed 'tax shake-up' - London Business News | Londonlovesbusiness.comPoliticians are urged to consider the needs of the 4.2m self-employed voters, recommending a tax shake-up to win their support.