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This review for 2025 is intended to offer some practical thoughts and insights to our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.
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.
HMRC is turning its attention to landlords of short-term property booked through online property sites such as Airbnb & Booking.com…
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…
There are frequent rumours that pension tax relief will change in the Budget. This is even more likely this year as the new Government looks for additional tax revenue to fund…