What every freelancer must prepare for in 2022 - Freelance Informer

What every freelancer must prepare for in 2022 - Freelance Informer

Quick summary:

1. £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) – you will not need to keep evidence of your extra coststhe exact amount of extra costs you've incurred above the weekly amount – you'll need evidence such as receipts, bills or contractsYou'll get tax relief based on the rate at which you pay tax.

2. Short sighted attack: Freelancers and small businesses hit with Dividend tax, NI hike & health/social care levy – Freelance Informer

3. IR35: Taxpayers could pay multi-million Government tax bills thanks to CEST tool casualties – Freelance Informer

4. For example, if you pay the 20% basic rate of tax and claim tax relief on £6 a week you would get £1.

5. SIA, HMRC carry out tax abuse checks on contractors – Freelance Informer

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