The UK government will raise the reporting threshold at which people have to self-declare earnings for income tax, a move it said would help people who earn money from so-called “side hustles” like ...
Client has dabbled in investments over the years. HMRC opted to take him out of self assessment 2 years ago and put him into the Simple Tax Assessment ...
HM Revenue & Customs recently published figures that show it generated £1.8bn more than expected from private sector roll-out ...
Data provided by HMRC to AccountingWEB revealed that of the 11.5m self assessment (SA) tax returns filed before the deadline of 31 January 2025 [1], ...
MoneyWeek on MSN4d
Side hustle tax changes: HMRC reforms could save thousands from filing self-assessment tax returnsThe government plans to raise the reporting threshold for trading income – here is how it could help your side hustle ...
Discover how removing ‘side hustle’ taxpayers from Self-Assessment can unclog the UK tax system for faster processing.
The Accountant on MSN2d
UK to increase income tax self-assessment reporting thresholdHMRC to launch new escalation service for agents handling Self-Assessment and PAYE queries more than four weeks old.
HMRC said the changes would mean up to 300,000 people will no longer need to file a self-assessment tax return, including people who sell their clothes on Vinted or Ebay. Around a third will have ...
The new measure was announced as part of the government's "Plan for Change" and is expected to be in force by 2029 ...
Taxpayers and accountants will soon be able to use their voice as a password to get through to HMRC, the Government ... escalation route for agents with Self-Assessment and PAYE queries that ...
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