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 […]
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 […]
Flat Rate Scheme
[et_pb_section fb_built=”1″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Text” _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”] VAT – Flat Rate Scheme What is it? VAT is calculated as a difference between VAT from sales (output VAT) and VAT from purchases (input VAT). Sometimes a person has a refund of VAT, but many times owes […]