The Side-Hustle Tax

The Side-Hustle Tax

What is the “side-hustle tax” and do I need to be worried about it? From 1 January 2024, online marketplace sites like eBay, Uber, Vinted, Airbnb and others are required to report their sellers’ sales details to HMRC. HMRC has always been able to request this data,...
Scottish Budget: 18th December 2023

Scottish Budget: 18th December 2023

The Scottish Government’s Finance Secretary, Shona Robison, set out her budget for 2024/25 on 18th December 2023. This was in the wake of the UK budget being announced on 22nd November 2023, where the Chancellor, Jeremy Hunt, announced a reduction in National...
Autumn Statement – 22/11/23

Autumn Statement – 22/11/23

The UK Government’s Chancellor, Jeremy Hunt, delivered his Autumn Statement to the House of Commons on 22nd November 2023. In his speech, he announced major changes to National Insurance and extensions to Corporation Tax reliefs.   There’s a lot to unpack, but we’ve...
Budget Report – Spring Budget 2023

Budget Report – Spring Budget 2023

The UK Chancellor, Jeremy Hunt, delivered his budget speech in the Commons today. The budget did not deliver any major surprises, and mostly confirmed measures that were already announced in the Autumn Statement last October. We’ve broken down some of his key...
The MTD Delay

The MTD Delay

Making Tax Digital (MTD) for Income Tax has now been delayed, as was widely expected, meaning that it will now not come into force until April 2026. Victoria Atkins, the Financial Secretary to the Treasury, announced in December that the scheme will be pushed back by...