Reportedly, HMRC will invest £36.69m towards this end and employ 24 full-time staff to enforce this new initiative which seeks to “bear down on, detect and tackle tax evasion”.If you’re already paying tax on earnings from such sources, the initiative will have no impact. If you’re...
For the 2024/2025 tax year, the CGT exemption is reduced to £3,000, down from £6,000 in 2023/2024, allowing gains up to this amount to remain tax-free.If your gains exceed this allowance, you'll pay CGT on the excess. The rate varies based on your taxable income. Refer to ...
Well, missus got an unexpected tax demand today. She's spent an hour on the phone trying to sort it out, and was told to go on the HMRC website and register with them. She's not really computer savvy, so I've been on trying to set up an account for her. All fine until I get...
On the final day to file self-assessment taxes in the UK, the website of the agency handling the returns – Her Majesty’s Customs and Revenue (HMRC)– went down. The timing, you might say, was not the best. According to HMRC, the site went down for a while as many people ...
If you’re self-employed, a sole trader, or you own a limited company, you’ll need to know about the UTR. In this guide, we’ll give you the full lowdown on the UTR, including what it looks like and how to find yours. Plus, what to do if you lose your UTR. So let’s get...
We have asked Internet Service Providers to take down more than 60 web addresses associated with these scam campaigns. HMRC’s advice: Stop: Take a moment to think before parting with your information or money. Genuine organisations like banks and HMRC will never contact you out of the blue ...