Vinted Tax Rules UK
Do you sell your unwanted clothes or household items on Vinted? If so, you might be wondering whether you’re doing it as a hobby, or whether HMRC would consider you a business (a trader). The difference really matters — especially when it comes to tax. You might also have noticed that Vinted sometimes asks for […]
Mandatory Companies House ID Verification from 18 November
Starting 18 November, Companies House is introducing mandatory ID verification for all individuals involved in running or owning a company in the UK. If you’re a company director, company secretary, person with significant control (beneficial owner), or anyone filing on behalf of a business, you must verify your identity to remain compliant with UK company […]
Attention! Lost Your CIS Statement? New HMRC Rules Apply
If you’re working as a subcontractor under the Construction Industry Scheme (CIS), it’s essential to stay updated with the latest rules from HMRC. No More Phone Requests for CIS Statements In the past, subcontractors could request duplicate CIS statements by calling HMRC. However, from 1 July 2024, this is no longer possible. HMRC will now […]