HMRC are sending text messages to people who are unrepresented and self-employed or partners in partnerships who may be affected by basis period reform in the 2023/24 tax year.
The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) respond to the Senedd Finance Committee’s consultation on the Visitor Accommodation (Register and Levy) (Wales) Bill.
Are you self-employed and run your business using online platforms such as Deliveroo, Uber or TikTok Marketplace? If you are trying to complete your tax return for the first time, this article gives you some information about accessing, filling in and submitting your tax return, and provides you ...
More people are using online platforms to sell goods to make some money. There are different tax rules depending on whether you are trading, making some casual income, or just selling off unwanted personal items. But what if you are doing a mixture of activities? This article explains what type of ...
The change to the new ‘tax year’ basis (also known as basis period reform (BPR)) from the 2024/25 tax year onwards means that 2023/24 is a transitional tax year as we move to the new rules. This means the 2023/24 tax return will be more complicated than usual for affected sole traders and partners ...
The Low Incomes Tax Reform Group (LITRG) has welcomed a decision by HMRC that will make it easier for taxpayers to file a paper tax return.