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Data sharing between HMRC and online platforms from HMRC is NOT a new tax!
Data sharing between HMRC and online platforms from HMRC is NOT a new tax! Despite a supposed ‘uproar’ earlier this year after the mandatory requirement for online platforms to share data with HMRC about their users’ sales, there will be no new tax changes for influencers, and those selling online. HMRC are launching a publicity…
Read MoreOver 100,000 people have been ‘dragged’ into the 60% tax trap!
Over 100,000 people have been ‘dragged’ into the 60% tax trap! The number of people that have been pulled into 60% tax has increased by 18% to around 634,000 in the last 12 months, while over four million now pay higher rate tax. The reported figure, which is up from 537,000 in 2023, shows the…
Read MoreLess than 50 days to go to file your personal Self Assessment Tax return for 2023/24
Less than 50 days to go to file your personal Self Assessment Tax return for 2023/24 With Christmas and New Year celebrations on the horizon, getting stuck into paperwork is likely one of the last things you are wanting to do and if you have a personal self assessment tax return to complete – you…
Read MoreHike in Scams targeting taxpayers
Hike in Scams targeting taxpayers HMRC has urged taxpayers to be particularly cautious about refund scams as the 31 January tax return deadline draws closer, with over 145,000 scam referrals for fake rebates and demands identified in the last 12 months. Fraudsters are continuing to target people with offers of tax refunds or demanding payment…
Read MoreCrypto Investors beware!
Crypto Investors beware! The number of adults in the UK owning a form of cryptocurrency continues to increase, as well as the average amount held, but – BEWARE – a lack of regulations means it is still a high-risk investment. With 93% of the UK population now being aware of cryptocurrency, the concern is that…
Read MoreCompanies House to start rollout of ID verification from early 2025
Companies House to start rollout of ID verification from early 2025 Companies House has issued a timeline for ID verification, which will affect more than seven million company directors and PSC’s who in the future will have to provide proof of their identity before filing information on the register to reduce abuse and fraud. The…
Read MoreReal time reporting of Benefits in Kind from April 2026
Real time reporting of Benefits in Kind from April 2026 In last month’s budget, the government announced some updates to the January 2024 proposals, which need to be taken into account for the 2025-26 tax year. From April 2026 there will be a phased introduction of the new reporting requirements, where Employers will be required…
Read MoreBudget 2024 – Double Cab Pick-up vehicles – new tax treatment from April 2025
Budget 2024 – Double Cab Pick-up vehicles – new tax treatment from April 2025 As the detail behind the Autumn Budget announcements continues to be scrutinised, a significant change to the treatment of double cab pick-ups (DCPU) is included in the changes – which is yet another U turn in this saga. The changes which…
Read MoreWhat is the role of the Company Secretary
What is the role of the Company Secretary Managing companies has become increasingly complex and requires skilled managers and executives to ensure that companies achieve the expectations of their shareholders. In this respect, company secretaries have an important part to play. Their knowledge of and detailed involvement in the affairs of the company mean that…
Read MoreEU to introduce e-invoicing for VAT
EU to introduce e-invoicing for VAT After two years of debate and negotiations, the European Council has reached an agreement on new measures that will modernise the EU’s VAT rules. The key changes will introduce a requirement for electronic invoices and real-time data reporting. There will also be new rules on VAT liability for bookings…
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