Self-employed left stranded.
Recent tax changes have taken the self-employed by surprise leaving many facing huge bills and fines, often pushing them into serious debt, according to insolvency advisers from Levy Gee. Those particularly affected are from the creative industries. Insolvency practitioner Steven Billot said: ‘A lot of the problems seem to stem from freelance people who are not used to a business environment. Often musicians and actors are the worst culprits for considering their tax liabilities.’