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 ...
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 ...
The new measure was announced as part of the government's "Plan for Change" and is expected to be in force by 2029 ...
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