Side Hustle Tax Trends: Regional Insights and a 1,415% Search Surge
The quest for information on “side hustle tax” has skyrocketed by a staggering 1,415% within a 72-hour period. This surge in searches is a direct result of growing concerns surrounding the reporting rules on HMRC’s online platform. Platforms in the...
Freemasons’ £2.8m VAT Case Loss: Legal Battle
The United Grand Lodge of England (UGLE), the world’s oldest Grand Lodge of Freemasons, recently faced a setback in its appeal for a £2.8m VAT refund on membership fees. The case revolved around UGLE’s contention that it should be exempt...
Last Call: 5.7M Taxpayers on the Brink of Missing the Self Assessment Deadline
As the January 31 self assessment deadline approaches, a significant 5.7 million taxpayers find themselves in a scramble to meet their 2022/23 obligations. What adds to the challenge is the limited telephone support from HMRC, leaving many taxpayers and agents...
Claiming Child Benefits Goes Digital: Streamlined Process for Modern Parents
In a significant leap towards modernisation, HMRC has announced the digitisation for claiming child benefits, ending the era of paper applications that have persisted since the service’s inception in the 1970s. New parents can now conveniently claim child benefits online,...
Online Seller Tax Regulations: New Reporting Rules for Platforms like Airbnb, eBay, and Vinted
Are you earning from online ventures like selling clothes or renting out your space? Brace yourself for tighter online seller tax regulations starting January 1, as platforms like Vinted, Airbnb, and eBay are now mandated to share transaction details with...
Tribunal Ruling Exposes Scheme to Cut SDLT Bills
In a recent ruling by the Upper Tribunal, property owners utilising a tax avoidance scheme to cut Stamp Duty Land Tax (SDLT) bills have been held liable. Dating back to property purchases as early as 2010, buyers employed a marketed...
Navigating Side Hustle Taxes: What You Need to Know
In today’s digital age, the world of side hustles is thriving, with social media platforms and online marketplaces providing individuals with unprecedented opportunities to turn their passions into income. Whether you’re selling vintage finds on Depop or renting out a...
Bolt’s Legal Victory: Potential £500M Repayment for Uber
In a significant turn of events, Estonian start-up Bolt has secured a legal triumph against HM Revenue and Customs (HMRC) in a tax tribunal, raising the possibility of Uber reclaiming almost £500 million. This win comes as a boost for...
HMRC Phone Services See Changes Amid Tax Filing Season Surge
In response to an overwhelming surge in demand during the tax filing season, new changes have been announced to the HMRC phone services for agents and accountants, specifically those related to self-assessment repayments. The sudden shift, occurring just a week...
