Social media influencers subject to tax on non-cash gifts
Uncover the tax implications of being a social media influencer, from cash earnings to freebies.
Merged R&D tax relief scheme
R&D Tax Relief: HMRC unveils a new merged R&D scheme that combines RDEC and SME relief.
Deadline extended for voluntary NIC payments
HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006.
HMRC demands more data
HMRC’s New Data Reporting Requirements Coming in 2025-26 Tax Year. Discover what data HMRC plans to collect, including trade sectors, occupations, hours worked, and more.
Sales till manipulation
Traders who have used electronic sales suppression (ESS) software are in serious trouble as HMRC view this as tax fraud which is a criminal offence.
Settle the tax with a PSA
You may reward your employees with something special such as a holiday or a hamper. If the value exceeds the tax-free amount permitted under the rules for say long service awards, trivial benefits or staff suggestions it will be taxable.