HMRC sends side hustle warning
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.
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HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.
Read morePersonal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.
Read moreSelf-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).
Read moreInheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey.
Read moreHMRC has issued a warning to be on high alert for scams linked to Winter Fuel Payments after receiving 15,100 reports of bogus activity in June.
Read moreThe UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.
Read moreThe tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.
Read moreThe government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.
Read moreHMRC has named and shamed over 500 UK employers for failing to pay the National Living Wage (NLW) or the National Minimum Wage (NMW).
Read moreThe Financial Conduct Authority (FCA) joined forces with eight international regulators for a week of action to combat the risks of finfluencers on social media.
Read moreThe government should take a more strategic approach to tax policy, consulting earlier and giving greater thought to the design of the tax system, says Nichola Ross Martin, President of the Chartered Institute of Taxation (CIOT).
Read moreTaxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.
Read moreThe government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.
Read moreAlmost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.
Read moreThe number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).
Read moreHMRC will reduce late payment and repayment interest rates from 28 May following the 0.25% cut in the base rate earlier in the month.
Read moreAlmost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
Read moreHMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
Read moreThe UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.
Read moreThe UK government is taking the right approach to tariff negotiations with the US despite downgrades to the economic outlook, says the British Chambers of Commerce (BCC).
Read morePubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.
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