The Low Incomes Tax Reform Group (LITRG) is warning that the spectre of another ‘side hustle’ tax controversy looms as online platforms like eBay, Vinted and Deliveroo start sending reports to HMRC on the income of their sellers in January.
We are pleased to publish our position paper setting out how the experience of the tax system for online traders can be improved following the increased use of online platforms such as eBay, Uber and Deliveroo.
If you have a new source of taxable income which started between 6 April 2023 and 5 April 2024, which you may need to pay tax and/or national insurance on, you may need to fill in a tax return. If you do not already complete self assessment tax returns, you must notify HMRC of the type of income ...
Online platforms are now required to collect information about certain people selling goods or services through their site, and report it to HMRC. Because of this, they may have changed their sign-up processes (sometimes called ‘onboarding’ processes) and the questions they are asking. Here we help ...
The dividend allowance has reduced significantly in recent times, and from 6 April 2024 is only £500. Anyone who receives dividends of more than £500 in a tax year will now have to pay tax on that income, unless their total income falls below the normal tax free personal allowance.But are HMRC ...
The EDM is a concerning model of engagement aimed at low paid workers in the temporary labour market, which exploits the fault line between employment law status and tax law status. We have had guidance on our website to help workers steer clear of the EDM for many years. However, recently there ...