From 1 January 2024 online platforms such as websites, online marketplaces and apps that allow individuals and businesses to sell items and services are required to collect and report seller information and income to HMRC.

HMRC has issued guidance on various changes to the existing construction industry scheme (CIS) rules.

The clawback threshold for the high-income child benefit charge (HICBC) was increased to £60,000 from 6 April 2024.

HMRC has updated its guidance to clarify the tax position of reimbursed travel costs for hybrid workers.

From 6 April 2024 all unincorporated businesses (sole traders and partners in a partnership) are required to report profits or losses in line with the tax year.

From 6 April 2024 the cash basis has replaced accruals as the default method for preparing sole trader and partnership accounts for tax purposes.

If you made voluntary Class 2 national insurance contributions (NIC) for the 2022-23 tax year, check whether this payment has been refunded in error by HMRC.

A new merged research and development (R&D) scheme has come into effect for periods beginning on or after 1 April 2024.

The zero rate of VAT has been extended to include the installation of additional energy-saving materials (ESMs) from 1 February 2024.

HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirming that all partners subject to corporation tax are eligible for enhanced capital allowances.

HMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles.

There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.

HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023.

The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.

HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.