Category Archives: Tax Registration

How to Prepare for “Making Tax Digital”


What is “Making Tax Digital”? In March 2015, the government announced its plans to replace annual tax returns with digital tax accounts, in order to “modernise the tax system”. The initiative aims to eliminate the need for tax returns and simplify the tax system. Instead of filling out an annual tax return, small business owners, […]

Clamp Down on Public Sector use of Personal Companies


George Osborne announced a new clamp down on the use of “personal service” limited companies in today’s budget. “Personal service” companies are where a person who is working as a freelancer, consultant or agency employee forms their own limited company and uses it to bill their employer. The employees can work the funds coming through […]

2016 Company Formation Trend Predictions – Part 2


In the first part of our 2016 company formation predictions we discussed how tax changes may lead to a decrease in the number of contract and agency workers forming limited companies. Another tax change is responsible for our second prediction for company formations in 2016. A series of changes announced over the last year mean […]

‘Christmas crafters’ set for sales of over £376 million


Over three million people in the UK are planning to make and sell Christmas related gifts this year.  According to a new report published by Direct Line they are collectively set to sell £376 million worth of handmade Christmas related goods. The most popular Christmas items for crafters to make and sell are: Christmas Decorations […]

Summer Budget Targets Contractors and Agency Workers


One of the biggest drivers of new limited company formations in the past couple of years has been contractors and agency workers. The use of limited companies by highly paid and skilled consultants and IT contractors has been well established for a number of years. In part these kind of high earning contractors have worked […]