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Tax

Ackland Webb Accountants

Online Selling

Starting January 1, 2025, online resale platforms like eBay and Vinted will begin reporting details of sellers to HMRC if their annual online sales exceed £1,700 or if they make more than 30 transactions. This move aims to identify individuals generating undeclared profits from online sales – a growing area of concern for HMRC.

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Inheritance Tax In The Spotlight

We are expecting major changes to inheritance tax (IHT) in the March Budget following two reviews by the Office of Tax Simplification (OTS) and also a report by an All Party Parliamentary Committee. IHT is perceived as…

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