Online traders face crucial HMRC deadline as eBay sellers risk large tax bills
eBay sellers may face significant tax penalties if they do not register for self-assessment by January 2025.
Expert explains how to prepare for the HMRC 'side hustle check' which impacts tax returns this January - London Business News | Londonlovesbusiness.com
New HMRC rules require online platforms to report seller transactions, affecting side-businesses making over £1,000 annually and aiming to tackle tax evasion.
Online traders face crucial HMRC deadline as eBay sellers risk large tax bills
eBay sellers may face significant tax penalties if they do not register for self-assessment by January 2025.
Expert explains how to prepare for the HMRC 'side hustle check' which impacts tax returns this January - London Business News | Londonlovesbusiness.com
New HMRC rules require online platforms to report seller transactions, affecting side-businesses making over £1,000 annually and aiming to tackle tax evasion.
Reeves' won't raise an additional 6.5 billion a year by 2029/30 tax avoidance clampdown - London Business News | Londonlovesbusiness.com
The feasibility of raising £6.5 billion through tax gap closure is questionable due to HMRC's staffing and training limitations.
eBay sellers could face huge tax bills from HMRC
eBay sellers must register for self-assessment by year-end to avoid severe tax penalties from HMRC.
HMRC targets specialist agents in crackdown on R&D tax credit fraud
Specialist agents may contribute to higher non-compliance rates for R&D tax credit claims, necessitating stricter oversight and examination of such submissions.
HMRC's lower interest rate on late payments overshadows refund disparity
HMRC reduces late tax payment interest rates to 7.25%, highlighting unfair disparities with only 3.75% interest on refunds.
Self-employed individuals are particularly affected by the unfavorable interest rates from HMRC.
Case closed: HMRC settles 4.9m tax case with Gary Lineker
Gary Lineker's IR35 tax case has been settled, reducing reported liabilities significantly and highlighting ongoing challenges surrounding IR35 compliance.
HMRC now issuing more and more of its heaviest fines for VAT errors - London Business News | Londonlovesbusiness.com
HMRC has increased its penalties for 'deliberate' VAT errors by 38%, resulting in substantial fines for businesses.
Reeves' won't raise an additional 6.5 billion a year by 2029/30 tax avoidance clampdown - London Business News | Londonlovesbusiness.com
The feasibility of raising £6.5 billion through tax gap closure is questionable due to HMRC's staffing and training limitations.
eBay sellers could face huge tax bills from HMRC
eBay sellers must register for self-assessment by year-end to avoid severe tax penalties from HMRC.
HMRC targets specialist agents in crackdown on R&D tax credit fraud
Specialist agents may contribute to higher non-compliance rates for R&D tax credit claims, necessitating stricter oversight and examination of such submissions.
HMRC's lower interest rate on late payments overshadows refund disparity
HMRC reduces late tax payment interest rates to 7.25%, highlighting unfair disparities with only 3.75% interest on refunds.
Self-employed individuals are particularly affected by the unfavorable interest rates from HMRC.
Case closed: HMRC settles 4.9m tax case with Gary Lineker
Gary Lineker's IR35 tax case has been settled, reducing reported liabilities significantly and highlighting ongoing challenges surrounding IR35 compliance.
HMRC now issuing more and more of its heaviest fines for VAT errors - London Business News | Londonlovesbusiness.com
HMRC has increased its penalties for 'deliberate' VAT errors by 38%, resulting in substantial fines for businesses.
Loan charge under review: Second inquiry into controversial contractor tax policy announced | Computer Weekly
The UK government is reviewing the controversial Loan Charge tax policy affecting thousands of IT contractors since 2019.
A Strategic Model to Help Transform Your Tax Function - SPONSOR CONTENT FROM DELOITTE
Tax departments must evolve to meet regulatory and technological challenges while building sustainable operational models.
Groww pays $160M tax as it returns to India amid a startup relocation wave | TechCrunch
Groww paid $159.4 million in taxes after relocating to India, as many startups return for better IPO prospects.
Employers' National Insurance hike rumours bring IR35 into sharp focus - London Business News | Londonlovesbusiness.com
Increase in employers' National Insurance could significantly impact businesses mismanaging off-payroll working rules, leading to greater tax liabilities and costs.
Report: IRS Taking Aim At Sports Bettors
Tax revenue from sports gambling is at risk due to widespread non-filing among bettors, prompting potential IRS enforcement actions.
Government urged to act after four more tax avoidance schemes identified - London Business News | Londonlovesbusiness.com
HMRC's identification of more tax avoidance schemes highlights a significant issue requiring urgent regulatory changes to protect vulnerable workers.
HMRC could lose millions in unpaid tax as non-compliant umbrella enters pre-pack administration | Computer Weekly
The UK government is urged to regulate umbrella companies after Exchequer Solutions avoids repaying significant unpaid tax through pre-pack administration.
Government urged to act after four more tax avoidance schemes identified - London Business News | Londonlovesbusiness.com
HMRC's identification of more tax avoidance schemes highlights a significant issue requiring urgent regulatory changes to protect vulnerable workers.
HMRC could lose millions in unpaid tax as non-compliant umbrella enters pre-pack administration | Computer Weekly
The UK government is urged to regulate umbrella companies after Exchequer Solutions avoids repaying significant unpaid tax through pre-pack administration.
HMRC probes nearly 800 major UK firms over suspected tax underpayments with UK banks suspected of underpaying 7.9bn
HMRC is investigating 791 major UK companies for tax underpayments, highlighting a significant focus on tax compliance across various sectors.
New Zealand to Put OECD Crypto Tax Framework in Place by April 2026
New Zealand's implementation of OECD's crypto reporting framework aims to curb tax evasion by enhancing tax compliance in crypto transactions.
Tax Challenges for Healthcare Accounting Teams Bring Opportunity for Innovation - MedCity News
Healthcare organizations face tax complexity and resource challenges, affecting core operations.
New Ecommerce Tools: May 21, 2024
Companies are enhancing services for ecommerce and omnichannel merchants, focusing on tax compliance, accessibility, inventory, social media management, and order fulfillment.
Australia's Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters
Australia's tax office is targeting 1.2 million crypto traders for data to enforce tax compliance.
IRS will audit more high-income taxpayers and large corporations. Here's what that means
The IRS is intensifying audits on high-income taxpayers and large corporations to address the tax gap and is enhancing its workforce to carry out these enforcement actions.
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