Charging your electric company car at home

Charging your electric company car at home

HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that if an...
HMRC demands more data

HMRC demands more data

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.HMRC has set out its intention to collect data relating to trade sectors; locations; occupations; hours worked;...
The growing tax challenges for social media influencers

The growing tax challenges for social media influencers

When new ways of making money become popular, HMRC are always keen to ensure taxpayers are aware of their obligations – the treatment of cryptocurrency assets being a relatively recent example – though the Department is often playing catch-up to innovation. In this...
Influencers subject to tax on non-cash gifts

Influencers subject to tax on non-cash gifts

There is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC’s radar. Earlier this year HMRC sent nudge letters to thousands of influencers as well as gamers and online traders on...
Getting ready to retire

Getting ready to retire

The changes to the pension rules announced in the Spring Budget were designed to dissuade higher earners from retiring early to avoid pension charges on high contributions but the new rules could have the opposite effect. Individuals can now contribute up to £60,000...