Rent out your home on Airbnb? Drive for Uber? Freelance on Fiverr? From January, these platforms will record your income and soon report it to HMRC… The growing number of gig workers, people with side hustles and those earning money from the likes of Airbnb, Upwork, Uber, Deliveroo and Etsy have been urged to ensure […]
Thousands more nudge letters being sent out by HMRC are causing needless worry to UK taxpayers, and are unnecessary. Robert Salter, an international tax expert at tax and advisory firm, Blick Rothenberg, said: “HMRC have sharply increased the number of ‘nudge letters’ sent to UK taxpayers in the 2022/23 UK tax year, because of international […]
Rosehill Polymers Group has finalised a multi-million-pound deal with Virgin Money and UK Export Finance to complete a refinancing and management buyout of the business and accelerate their worldwide growth ambitions. Since 1988, Rosehill Polymers have established themselves as a market leader in sustainable polymer systems design, development and manufacturing at their state-of-the-art facilities in […]
The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT). As Pat Bermingham, CEO, Adflex explains it set standards for good payment practices between UK-based organisations and their […]
Changes to regulations regarding Capital Gains Tax (CGT) and separating couples could alert people to the fact that they may have failed to pay sufficient tax in the past. New measures to ease difficulties over the transfer of assets experienced by spouses or civil partners who are separating and enable them to split in a […]
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules. The legislative flaw sees businesses overtaxed in the […]
The UK’s 4.3m self-employed workers have been advised to prioritise their tax compliance after official HMRC data shows that the tax authority opened 299,000 tax enquiries last year – a 52,000 jump equivalent to 21% compared to two years before. The statistics, gathered from HMRC’s quarterly performance updates, show that the number of tax enquiries […]
HM Revenue and Customs (HMRC) has announced that the rollout of the new additional information form that is required to support all claims for Research and Development (R&D) tax relief or expenditure credit has been pushed back by seven days. Originally set for the 1 August 2023, the new changes will now come into force […]
After losing the argument over Gary Lineker’s employment status, HMRC plans to appeal the ruling at the Upper Tribunal The First Tier Tribunal ruled in favour of Lineker in March this year, after he appealed a tax demand from HMRC for unpaid tax of £4.9m related to earnings between 2013 and 2018 for TV presenter […]
Breadcrumb Trail Links Finance Banking Slowing pace of mortgage growth one of the early signs Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada is still in the early innings of a credit cycle that could weigh on the Big Six banks. Photo by Tijana Martin /THE CANADIAN PRESS Article content […]