Despite ongoing efforts by tax professionals up and down the land, we are still seeing a large amount of confusion about the ‘new’ side hustle tax reporting rules for online platforms. There is no new tax on side hustles. Here, we reiterate the main things you need to know, provide a new flowchart t...
Many people make a living from doing things in the gig economy like driving, delivering, or freelancing - often via online platforms such as Uber, Deliveroo and TaskRabbit. Some new HMRC rules are coming into force in January 2024. This news has caused people making money from the gig economy, eithe...
Due to concerns over the nature and scale of R40 claims for PPI tax refunds being submitted by certain tax refund companies, HMRC will now require evidence before they progress a claim for a PPI tax refund. This is to ensure they are only processing claims that are correct and properly authorised by...
HMRC have published new guidance aimed at helping agencies that hand workers over to umbrella companies understand their legal responsibilities and keep their supply chain compliant. This good, clear guidance will also help workers better navigate through the world of umbrella working. Here we outli...
Whether you are starting a new business or are looking to develop an existing one, you may be considering setting up a limited company. Limited companies are cheap, easy to set up and may have certain benefits. But they can be difficult to run and expensive if things go wrong. You therefore need to ...
Owners of a vehicle that doesn't meet the Ultra Low Emission Zone (ULEZ) emissions standards and isn’t exempt must pay a £12.50 daily charge to drive within London boroughs. It has been confirmed by HMRC that self-employed drivers will be able to claim tax relief on the daily charge. But what a...