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The Latest Breaking News from HMRC

Fashion in frenzy over “side hustle tax” on Depop, eBay and Vinted — but will you have to pay?

New HMRC regulations have sent shock waves through the fashion crowd, many of whom rely on Depop, Vinted and eBay to top up their pay checks

Evening Standard

Vinted accounts closed as HMRC introduces new 'tax on side hustles'

The HMRC tax on side hustles means digital platforms such as eBay, Airbnb, Etsy, Amazon and Vinted must share seller information with HM Revenue…

The National (Scotland)

Child Benefit major change: Millions more parents can claim online for the first time

HM Revenue and Customs is encouraging parents to go digital rather than use the old paper system

Evening Standard

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HMRC rolls out ‘side hustle tax’ for online sellers on eBay, Vinted and more

Dgital platforms such as eBay, Airbnb, Etsy, Amazon and Vinted must now share seller information with HMRC

The Independent UK

Gen Zers cashing in on selling their clothes online in the U.K. could have to declare their earnings to the taxman soon

The new rule is set to help HMRC crackdown on tax evaders who do business via online platforms without declaring profits.

Fortune

‘Side hustle tax’ to see online platforms share seller details with HMRC

New rules that came into effect on January 1 mean digital platforms must share more seller information with tax authorities.

The Independent UK

Less than a month for nearly 5.7m people to meet self-assessment deadline

Some 127 people saw in the new year by filing their tax return, according to HM Revenue and Customs figures.

The Independent UK

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Selling goods online? Be warned: HMRC will soon know about it

Whatever it is, from used clothes on Vinted, collectables on eBay, to Airbnb lets, profits will now be under scrutiny

The Guardian - UK

Glimmers of hope: your personal finance diary January-April 2024

As the cost of living crisis drags on, here are some dates that could make an improvement to your pocket

The Guardian - UK

UK house prices fall 1.8% in 2023, as FTSE 100 ends year up 3.8% – as it happened

Rolling coverage of the latest economic and financial news, as house prices defy fears of a crash, on the final trading day of 2023

The Guardian - UK

4,757 ‘festive filers’ submitted tax returns on Christmas Day

HM Revenue and Customs also recorded 8,876 returns submitted on Christmas Eve and 12,136 on Boxing Day.

The Independent UK

Woman spared jail following bid to defraud HMRC

A businesswoman has been spared jail for her role in a serious organised crime bid to evade almost £200,000 of tax on half-a-tonne of smuggled…

The National (Scotland)

HMRC's big boozy beer bash

‘Tis the season to be jolly, and how better to celebrate than host a big piss-up somewhere sunny?

Evening Standard

Tax self-assessment: Thousands face 'long phone queues' as HMRC moves services online ahead of Jan 31 deadline

The Commons Treasury Committee criticised the move by Her Majesty’s Revenue and Custom away from self-assessment call handlers

Evening Standard

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Evening Standard

OPINION - Civil servants working from home doesn't work — my wife had to wait 160 weeks for probate instead of nine

So, the civil servants are at it again. Or rather they’re not, as they’re still “working” from home, painting their toenails, doing the laundry, watching reruns of Deal or No Deal and sequencing automated email replies. As if it wasn’t enough that they’re complaining about having to go back to…

The Guardian - UK

Jette Nygaard-Andersen steps down as boss of Ladbrokes owner Entain

Chief executive quits after betting group, which also owns Coral, agrees settlement over alleged bribery

Evening Standard

Under-fire boss of Ladbrokes owner Entain takes off

A report last week claimed shareholders were unhappy with her leadership, dealmaking and private jet use

International Business Times UK

US Multinationals Accused of Underpaying £5.6 Billion in UK Taxes

US multinational companies contribute almost half of the total underpaid tax from foreign companies to the UK treasury.

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news in one place.

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The Guardian - UK

US multinationals underpaid £5.6bn in tax in UK last year, HMRC believes

Total of £11.5bn in missing tax from foreign companies is suspected for 2022-23, according to UHY Hacker Young

The Guardian - UK

Queue time for UK tax helplines now worse than in pandemic

Anger from MPs and experts after HM Revenue and Customs curbs phone advice until after January deadline

The Independent UK

Self-assessment helpline will focus on ‘priority queries’ in run-up to deadline

Treasury Committee chairwoman Harriett Baldwin has written to HMRC CEO Jim Harra ‘to get much-needed answers about what this means for taxpayers’.

Evening Standard

Tax self-assessment: Thousands rushing to complete forms by Jan 31 deadline to be pushed to online services

The influential Treasury Commons committee criticised the lack of warning to the public of the change in policy which starts on December 11

The Guardian - UK

Where do we find the £100bn needed to fix Britain? Margaret Hodge has the answer

In the Commons, she ripped into the Tories’ economic mismanagement – and pointed a way forward for Labour, says Guardian columnist Polly Toynbee

The Independent UK

Judge dismisses bankruptcy petition lodged by tax officials against John Barnes

But Judge Mark Mullen heard the former Liverpool footballer is facing another claim from the liquidators of a company he used to run.

The National (Scotland)

Revealed: Cost of running UK Government’s ‘PR stunt’ HQ in Edinburgh

THE cost of running the UK Government’s flagship hub in Edinburgh has been revealed to add up to £11million annually, prompting accusations money…

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