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 ...
We have been made aware of a fraudulent letter being sent to individuals, supposedly from HMRC, asking them to send identification and business documents by email. We have checked with HMRC and this letter is a scam. Here we look at the ways you can protect yourself against this scam, and the import...
Have you received a communication from HM Revenue and Customs (HMRC) suggesting your tax might be wrong and/or asking you to double-check your tax position? If this communication seems to be written quite generally and is not a formal enquiry notice or compliance check, it may be part of a ‘one to m...
A recent poll suggests a lot of adults in the UK do not understand how income tax works. It is important to know how income tax works, as it might affect decisions you make in relation to work or your finances. In this article we try to demystify income tax and how different rates apply to your inco...
A recent poll suggests a lot of adults in the UK do not understand how income tax works. It is important to know how income tax works, as it might affect decisions you make in relation to work or your finances. In this article we try to demystify Scottish income tax and how different rates apply to ...
HMRC are currently sending out P800 tax calculations to certain people who paid tax under Pay As You Earn in the 2023/24 tax year. If you receive a P800 showing that you have paid too much tax, you will be due a repayment. But beware – the way HMRC issue repayments to most people has recently change...