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The Latest Breaking News from HMRC

TechScape: Is the Consumer Electronics Show still relevant?

The world’s largest tech event has cutting-edge TVs and even a VW with ChatGPT – but cheap gadgets and big tech have dented its influence. Plus, HMRC comes for side hustlers

The Guardian - UK

Tell us: will you be affected by the UK’s ‘side-hustle tax’?

We want to hear from sellers on sites like Ebay and Vinted or renters on Airbnb about new HMRC rules

The Guardian - UK

Martin Lewis issues alert to Vinted users over 'side hustle tax'

Money Saving Expert founder Martin Lewis has issued a brief explanation on X about whether users of Vinted and other digital platforms will have to…

The National (Scotland)

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Martin Lewis explains new tax rules to anyone making money with online side hustles

Lewis clarifies confusion surrounding new HMRC rules

The Independent UK

HMRC doesn't know how many Scotland Office staff are based in Edinburgh hub

HMRC doesn’t know how many staff the Scotland Office has working from the UK Government’s Edinburgh hub, The National can reveal.

The National (Scotland)

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)

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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

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

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

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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 Independent 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 National (Scotland)

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…

Evening Standard

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?

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news in one place.

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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

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.

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

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