Self Employed
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How to save up to £3,000 in tax being self-employed
Changes in the way the self-employed must report tax mean sole traders could face having to pay an additional £3,000 in tax. Becoming a limited company could reduce your tax bill, says Marcin Durlak
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Freelancers could avoid tax because of IR35 loophole
Employers who wrongly classify self-employed as being outside IR35 will have to cover their PAYE and National Insurance, says HMRC, meaning tens of thousands of freelancers could avoid paying any tax at all
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Number of self-employed falls one fifth since Covid-19
IR35 taxation changes, Brexit and Covid-19 blamed for choking off rise in self-employment
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Just nine people trialing digital tax for self-employed
This is despite Making Tax Digital for income tax being rolled out to 2.4m people in 2024, many of whom are unaware of what’s happening