You may have seen the news that a huge change is hitting tomorrow for anyone that sells clothes or other items online. Back in July 2023 ICAEW reported that OECD rules requiring online marketplaces to report the details and income of the sellers of goods and services on their platforms will apply in the UK. Information on sellers will be …
Allowable Business Expenditure For Sole Traders
One sure way to reduce taxable profit and to ensure that you do not overpay tax is to account for all the business expenditure and claim all the allowable tax relief. Before I go on I want to list the three different categories for business costs: Capital Business/Revenue Expense Personal This article looks at number 2 Business /Revenue expense. For …