UK Side Hustle Tax: A Complete Guide
In the modern gig economy, side hustles have become a prevalent means of supplementing income, pursuing passions, and achieving financial goals. However, as side hustlers explore entrepreneurial endeavours, it is important to navigate the complex terrain of taxation. Before diving...
Navigating the Legal Landscape: Bolt Ltd vs HMRC in the TOMS Saga
The legal saga between Bolt Services UK Limited (referred to as ‘Bolt’) and The Commissioners for His Majesty’s Revenue and Customs (HMRC) has brought to the forefront crucial questions regarding the Value Added Tax (VAT) treatment of mobile ride-hailing services....
Understanding UK Tax on Foreign Income
In an era of global mobility, many individuals find themselves working, investing, or residing in countries beyond their homeland. As the world becomes increasingly interconnected, so do the implications for taxation. For residents and non-residents in the United Kingdom, the...
Remittance Basis: Tax Insights for Non-Domiciled Individuals
In the world of UK taxation, non-domiciled (non-dom) individuals residing in the United Kingdom face a crucial decision regarding the basis on which their income and gains are taxed. The Arising Basis and Remittance Basis represent two distinct approaches to...
How to Register For Self Assessment as Self-Employed
Embarking on the journey of self-employment comes with responsibilities, and one crucial aspect is registering for Self-Assessment. This article provides a step-by-step guide to make the process easy, free, and secure. Understanding Self Employed & Self-Assessment Before diving into the...
TOMS VAT Scheme Dispute Resolved: Sonder Europe Limited’s Victory
In a recent legal battle between Sonder Europe Limited (Sonder) and The Commissioners for His Majesty’s Revenue and Customs (HMRC), the focus was on the Tour Operators Margin Scheme (TOMS), a special TOMS VAT scheme applicable to specific services provided...
How to Register for Self Assessment- If you are Not Self Employed
If you are not self-employed and require assistance with your tax return, this section provides guidance on registering for Self-Assessment on GOV.UK. The registration process is quick, taking only a few minutes, and it is both free and secure, eliminating...
Jonathan Ralph v HMRC: Multiple Dwellings Relief (MDR) and SDLT Analysis
The recent case of Jonathan Ralph v. The Commissioners for Her Majesty’s Revenue and Customs raises pivotal questions surrounding the eligibility of Multiple Dwellings Relief (MDR) for Stamp Duty Land Tax (SDLT) on the acquisition of a property. This analysis...
Mastering Your UK Self Assessment Tax Return
If you are a UK taxpayer, you may need to file a tax return for the year ending 5 April 2023. You can file your tax return online or on paper, but online filing is faster, easier, and more secure....
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