HMRC has decided to be a little bit nicer and cut the interest rate they charge on late tax payments. This comes after the Bank of England snipped the base rate down a tad, from 4.75% to 4.5%. From the 17th of February, if you’re late paying your taxes, you’ll be charged 7% interest instead […]

The post HMRC offers relief with interest rate tweak, but taxpayers still get a raw deal appeared first on Freelance Informer.

The festive season is over, and while many are looking forward to a fresh start, January unfortunately brings a surge in divorce enquiries known as “Divorce Day.” In this article, we explain what Divorce Day is, why it happens to fall on January 6th, and why it has become increasingly relevant for self-employed individuals. Why […]

The post Divorce Day: Self-employed at higher risk this January appeared first on Freelance Informer.

Chancellor of the Exchequer Rachel Reeves has painted a grim picture of the nation’s public finances in her speech this week, axing spending pledges made by the former government that weren’t already funded. That’s according to Sarah Coles, head of personal finance, Hargreaves Lansdown who says Reeves has “also set the scene for hard choices […]

The post Tax hikes could be on the cards. Here’s how can you protect hard-earned cash appeared first on Freelance Informer.