On Monday 19 February 2024, following discussions between the government, farmers, and the motoring industry on the potential impacts of the change in tax treatment, HMRC announced that the changes have been scrapped.
HMRC
HMRC’s “New Tax Rules for Side Hustles”: What do you need to do?
It has been widely publicised that from 1 January 2024, digital platforms such as eBay, Vinted, Airbnb, Fiverr, Upwork, Uber, Deliveroo, and Etsy, are required to collect and report seller information and income to HMRC by January 2025. In this blog, we look at what you need to do.
What are the tax implications of associated companies?
Many businesses are set up with numerous companies carrying on different aspects of their activities, and this has been possible to do without any tax downside for a number of years.
Tax sting in the tail for increased interest and pensions – action required by 5 October?
The regular hikes in the bank base rate since the end of 2021 have been welcome news for savers, if not for hard pressed borrowers.
How will the changes to sole trader and partnership taxation affect me?
The way in which HM Revenue & Customs taxes sole traders and partnerships is changing and you may have seen these changes referred to as ‘basis period changes’.
What is a Section 431 election, and do I need to make one?
This is a question that comes up often for staff who are being offered an equity stake in their company, and it revolves around the taxation of future growth in the value of the shares.
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