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  2. How to reduce your tax bill with self-assessment deadline near

    www.aol.com/reduce-tax-bill-self-assessment...

    But HMRC doesn’t automatically take taxes from the self-employed. Instead, if you are a sole trader or operate through a limited company, you need to keep a record of your income and expenses ...

  3. What you need to file a self assessment tax return as HMRC ...

    www.aol.com/file-self-assessment-tax-return...

    Over 12 million people are thought to need to complete one this year, which includes self-employed people, anyone employed with earnings above £150,000 and those with a side hustle bringing in ...

  4. Warning as HMRC self-assessment deadline fast ... - AOL

    www.aol.com/news/warning-hmrc-self-assessment...

    There are several other groups of people who need to file a self-assessment tax return. The HMRC says you may need to file one if you: Are self-employed and have earned gross income over £1,000.

  5. Making Tax Digital - Wikipedia

    en.wikipedia.org/wiki/Making_Tax_Digital

    HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. [ 2 ] The changes are expected apply to a wide range of taxpayers, including most businesses, micro-businesses, self-employed people and landlords, as well as individual taxpayers.

  6. United Kingdom labour law - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_labour_law

    While self-employed people generally pay the same income tax (albeit with more exemptions and deductions [109]) they pay 9% in National Insurance contributions, while an employee pays 12%. In addition, the employee's employer makes a standard 13.8% contribution, while the "self-employed" person has no employer to make such a contribution.

  7. HM Revenue and Customs - Wikipedia

    en.wikipedia.org/wiki/HM_Revenue_and_Customs

    His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.

  8. Everything You Need To Know About Self-Employment Tax - AOL

    www.aol.com/everything-know-self-employment-tax...

    With the gig economy booming, more and more people are taking side hustles and weekend jobs to earn extra money -- some are even opting to make the leap into full-time self-employment. But when you...

  9. National Insurance number - Wikipedia

    en.wikipedia.org/wiki/National_Insurance_number

    The National Insurance number is used as a reference number in the Pay As You Earn system, and also by the self-employed. It is also used in applications for Individual Savings Accounts (ISAs), to check that an individual has opened only one ISA in a tax year.