Not many people know that HMRC’s rules require platforms such as eBay and TikTok to report sellers who meet either of these thresholds in a calendar year: The digital platform must notify you, and you must provide details they require to make a full disclosure. The report to HMRC may not mean you have to … Continue reading
As a company director, treating a potential client to lunch feels like a standard marketing cost. You are trying to win business, after all. However, HMRC draws a very hard line here. No matter how you label it in your accounts, client entertainment is never allowable for tax relief in the UK. Here is what … Continue reading