record numbers

Record Numbers Become Self-employed

In the three months February to April 2012, almost 4.2 million people were registered as self-employed; that’s the highest figure since records began back in 1992, according to the Office for National Statistics (ONS). This comes on top of figures of falling unemployment as the rate falls to 2.61 million, down by 51,000 vs the previous quarter. Private sector employment also saw an increase as 205,000 more people found work in the private sector, whilst 39,000 more lost their jobs in the public sector – The South West of England suffered the biggest loss of public sector posts. Gerwyn Davies, labour market policy adviser at the Chartered Institute of Personnel and Development (CIPD), welcomed the fall in unemployment and the rise in private sector taking on staff, but was cauti... »

Record Numbers File Tax Returns Online

Record Numbers File Tax Returns Online

A record 5.8 million business owners filed their self-assessment tax returns online this year – a 51 per cent rise on 2008, according to HM Revenue & Customs (HMRC). This figure means that two-thirds of all self-assessment tax returns were filed online this year. "More and more people are recognising the benefits of filing their tax return online," said financial secretary to HM Treasury, Stephen Timms. "Online returns make it easier and quicker to calculate how much tax you owe and you can pay online too." Changes to the self-assessment filing process in 2008 gave taxpayers a choice of two deadlines, 31 October for paper tax returns and 31 January for online tax returns. In addition, any tax owed for the 2007-08 tax year had to be paid by 31 January. Usually,... »