Self-employed people and landlords with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028. This will bring a further 900,000 low-income taxpayers under the MTD…
Sick Pay and Small Employers’ Relief
Statutory payments can be problematic to administer for smaller employers, but in a rare instance of generosity HMRC compensates for this. Also, from 6 April 2025, the rate of compensation will almost triple from the…
Side hustles and tax obligations
HMRC has recently launched their Help for Hustles campaign to help people earning extra income to understand their tax obligations. Online platforms, such as eBay, are now required to report users’ income to HMRC. Anyone…
Making Tax Digital Expands
Self-employed people and landlords with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028. This will bring a further 900,000 low-income taxpayers under the MTD…
Spring Statement: The Magic of £9.9 billion
There were no tax increases in the Chancellor’s Spring Statement (upgraded from an initial Spring Forecast), but that might just be pain deferred. Before becoming Chancellor, Rachel Reeves set out a new goal for the…