Earning from a side hustle e.g. sales at Christmas crafts or festive sales – you may need to file a UK tax return. If you make or sell items e.g. Christmas decorations, upcycled gifts, or work on a Christmas market stall you may need to report this income to HMRC. Please note that the tax rules apply to all side hustles not just sales at Christmas fares, etc. If your side hustle earnings are over £1,000, you will need to notify HMRC. Anyone earning over £1,000 from all side h

Have you a side hustle?  Have you unreported rental income?  Have you UK or foreign income that should be reported to HMRC?  Just a...

These HMRC rates only apply to:- • Reimburse employees for business travel in their company cars; or • Require employees to repay the...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnear...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

These HMRC rates only apply to: • Reimburse employees for business travel in their company cars; or • Require employees to repay the cost...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

From 17th February, taxpayers who owe money to HMRC will pay 7% interest, down from 7.25%. HMRC say that 1.1 million self-assessment...

Basis Period Reform was introduced for tax year 2023/24 meaning sole traders and partners in a business have to report their profits on a...

HMRC have updated some of their text messages to make them easier to recognise as genuine.   The new ‘branded messages’ include the HMRC...

The HMRC company car advisory fuel rates that apply from 1 December 2024 have been cut for petrol and diesel vehicles by 1p per mile, and...

People have until 5 April 2025 to maximise their state pension by making voluntary National Insurance (NI) contributions dating back...

HMRC is changing the way employees can claim PAYE employment expenses by going back to paper submissions through the post to reduce...

Individuals who are required to complete a self-assessment tax return for the first time must notify HMRC by 5th October 2024. Those...

HMRC is urging parents who claimed child benefit before 2000 to check if they are eligible to increase their state pension. Some parents...

The HMRC company car advisory fuel rates that apply from 1 September 2024 have been cut for petrol and diesel vehicles by between 1p and...

Plans to force employers to include details of employee working hours and dividends paid to directors on PAYE real time information...

HMRC is urging nearly a million parents with 16 to 19 year old children in education that they must renew child benefit claims urgently...