Blog

Online platforms like Etsy, eBay, and Instagram are preparing for new disclosure rules on transactions. HMRC has already started compliance checks on the highest reported earners. Following the UK’s commitment to the OECD’s global data sharing objective, HMRC now has access to seller information from online platforms. Platforms must collect sales and income data from sellers and influencers to share with HMRC.

Let’s discuss the tax-related advantages of offering electric vehicles (EVs) on company car schemes and how to reduce benefit in kind liability. The ZEV mandate and associated incentives are accelerating the transition to cleaner transportation, benefiting both businesses and the environment.

In an unexpected decision, the official rate of interest (ORI) applicable to advantageous loan agreements such as director’s loans will remain at 2.25% for a consecutive second year. The HMRC has announced that there will be no increase in the ORI for outstanding director’s loans during the 2024/25 tax year, maintaining the rate at 2.25% despite the base interest rate being 5.25%.

Let's discuss the impact of the triple lock pension guarantee on the state pension, which has increased to £11,502.40. With the allowance freeze until 2028, an estimated 1.6 million retirees may face tax liabilities. The following tips should give you a clear idea how to grow your pension in the tax efficient way.