Companies spared from Making Tax Digital

Companies spared from Making Tax Digital

HMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes  No start date had been set for MTD for CT, under which companies would have been required to maintain digital records; send...
Salaried members of LLPs

Salaried members of LLPs

The salaried members rules are an anti-avoidance measure designed to prevent limited liability partnerships (LLPs) from disguising remuneration paid to members as profit share instead of employment income.  If the rules are triggered, the member’s earnings...
Side-hustle reporting threshold increased

Side-hustle reporting threshold increased

The Government has announced plans to increase the threshold above which income from self-employment must be reported via self assessment. Currently, if you earn over £1,000 from self-employment, or a so-called ‘side hustle’ such as babysitting or dog...