WebbIn previous news articles, we have mentioned HMRC's plan to introduce Making Tax Digital for Income Tax and Self Assessment (MTD for ITSA). This was initially due to come into effect in 2024. However, due to the Covid pandemic, this was put back to 2024, but it has now been delayed until April 2026. The criteria for who will be affected have also changed. Webb20 juli 2024 · The aim of the rules is for digital platforms to report the details and income of individuals or entities selling goods or services (‘sellers’) via the platform to the tax …
Reporting rules for digital platforms to apply from 1 January 2024
Webb4 aug. 2024 · HMRC has confirmed that the UK will be adopting the expanded version of the OECD reporting rules for digital platforms, meaning that websites and apps will have … Webb23 sep. 2024 · You need to use software that works with Making Tax Digital for Income Tax. The software must allow you to: create and store digital records of each of your … rbf1350 fund facts
UK: New reporting rules for online platforms - Bird & Bird
Webb20 dec. 2024 · In a written statement, HMRC said: “The mandation of MTD for ITSA will now be introduced from April 2026, with businesses, self-employed individuals, and landlords with income over £50,000 mandated to join first. Those with income over £30,000 will be mandated from April 2027.” Webb13 apr. 2024 · You may also be required to complete a Tax Return if you have income over £200,000 and your or your employer make significant pension contributions. There are penalties for not notifying HMRC of any liabilities as well as penalties for late filed Tax Returns. If you are unsure whether you need to complete a Tax Return, please call us. Webb13 aug. 2024 · Online marketplaces such as Amazon, Airbnb, Deliveroo, eBay and Uber will be required to report the income made by sellers on their websites and apps to HM Revenue & Customs from January 2024,... sims 4 build mode move objects up and down