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Apprehension grows as tax changes for self-employed are viewed as means to collect more income tax and national insurance. IR35: What the new tax rules mean for self-employed Skip to main content
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 ...
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
Under UK tax legislation, tax payers are obliged to notify HMRC when they have a liability to tax no later than 9 months after the end of the tax year in which they became liable. Depending on the circumstances and the tax owed, they may do this by registering for self assessment and completing a tax return by January 31. [3]
IR35 is the United Kingdom's anti-avoidance tax legislation, the intermediaries legislation contained in Chapter 8 of Income Tax (Earnings and Pensions) Act 2003.The legislation is designed to tax 'disguised' employment at a rate similar to employment.
A non-domiciled UK resident earning less than £2,000 in a year outside the UK does not pay tax on this unless it is transferred to the UK. This would apply to the typical person taking up a temporary job in the UK, being paid, and paying tax on it, in the UK, with possible additional small earnings in the home country.