HMRC text messages on Basis Period Reform
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.
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.
HMRC have made changes to some of the text messages they send out to taxpayers to help you recognise them as genuine.
Because of the ‘Tipping Act’, which came into force on 1 October 2024, more workers may now receive tips or receive them in different ways. Here we remind you that tips are taxable income and point you to the guidance on our website that explains what this means for you.
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 ...
Taxes are an integral part of our lives; most of us pay tax, whether income tax, council tax or VAT on things we buy. Taxes also play an important role in shaping the infrastructure of our society. Yet, there is sometimes a lack of understanding and awareness of taxes and how the tax system works ...