by Ruth Clark | Jan 31, 2024 | Tax
Rumours have been circulating online that HMRC is set to crack down on tax avoidance on sales of goods on the likes of eBay and Etsy, but the basic rules haven’t changed, and anyone who was trading on one of these sites should always have been declaring their earnings...
by Ruth Clark | Jan 29, 2024 | Uncategorised
Earnings from employment that you earn in a year for which you are resident in the UK are taxable in the UK when you receive those earnings. During the tax year, the earnings which relate to duties you perform overseas in that year are foreign earnings if: you’re not...
by Ruth Clark | Jan 24, 2024 | Uncategorised
Just a quick reminder that the reduction of Class 1 National Insurance Contributions (NICs) will begin on January 6, 2024. From this date, the amount paid on Class 1 NICs will fall from 12% to 10%. This is the main rate of NICs paid by employees through PAYE. The...
by Ruth Clark | Jan 22, 2024 | Uncategorised
Do you need to complete a Self-Assessment tax return this year? Taxpayers may need to complete a tax return if they: Are newly self-employed and have earned more than £1,000. Have multiple sources of income. Have received any untaxed income, for example earning money...
by Ruth Clark | Jan 17, 2024 | Uncategorised
HMRC is encouraging those who are either married or in a civil partnership to check whether they could be up to £252 a year better off by claiming Marriage Allowance. It has launched a Marriage Allowance Calculator to help those who are unsure double check what they...
