Holiday pay calculation simplified

The Government’s response to consultations on holiday pay for irregular hours workers has simplified the process. The new ruling effective from 1st April 2024, reinstates the 12.07% calculation method. This means that for every hour worked by staff, they accrue holiday leave and pay at a rate of 12.07%.

HMRC enforces tighter rules on side hustles

In a bid to tighten tax regulations and combat tax evasion, HMRC has introduced legislation that will impact sellers on platforms such as eBay, Vinted, Etsy Airbnb and Uber. As of 1 January 2024, many digital platforms are now mandated to collect and share transaction and seller details with HMRC

HMRC Self-Assessment helpline update

HMRC are changing the way they support customers and agents through their Self-Assessment (SA) helpline. With this in mind, we would urge our clients to get in touch as soon as possible if they have personal tax issues to resolve.