Do I need to submit a Tax Return if I work via an umbrella company?

Paying Tax, Self-Assessment, Tax, Umbrella CompanyLeave a comment

With just over a month to go until the self-assessment tax deadline, it is worth double-checking whether or not you have to submit a self-assessment tax return. In many cases, umbrella company employees won’t need to submit a tax return because they are taxed similarly to those in permanent employment (PAYE). However, any additional income may need to be disclosed to HMRC by submitting a tax return. Continue reading to discover whether you need to file a self-assessment tax return.

Why Should You File Your Self Assessment Tax Return Before Christmas FI

Why should you file your Self-Assessment Tax Return before Christmas?

Advice, Paying Tax, Self-Assessment, TaxLeave a comment

If you are required to submit a self-assessment tax return for the 2020/21 tax year, it’s recommended you file it before Christmas – to ensure you’re well within the deadline of the 31st January 2022. This blog explains more about the importance of beating the deadline, and we explain who needs to complete a tax return. There are also a few eye-opening facts about the submission of tax returns during the Christmas period. Keep reading to find out more.

Kaye Adams Wins Her Long Running IR35 Case After Tribunal Dismisses HMRC's Appeal FI

Kaye Adams wins her long-running IR35 case after Tribunal dismisses HMRC’s appeal

IR35, Private Sector, Umbrella Company1 Comment

The Loose Women host was facing an estimated £124,000 tax bill for contracts held with the BBC between 2015 and 2017, with HMRC arguing that Adams was not a freelancer and should have been operating inside IR35. However, the Upper Tier Tribunal upheld the original decision, made by the First-Tier Tribunal in 2019, which found Adams to be working outside of IR35.