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News & Resources

As always, MHR are here to help you navigate the challenges.

Find out how current events will affect you and your business here.


HMRC is watching your online sales on Ebay and other platforms

From January 1st 2024, online marketplaces and digital platforms are legally required to collect data on sellers and their income, and pass it to HMRC.


This will make it easier for the taxman to crack down on anyone selling through the likes of Vinted, eBay etc. and not notifying HMRC even if their total earnings are less than the personal allowance.


VAT Returns

HMRC have changed the way penalties are calculated for late filing and/or payment of VAT returns. This includes nil and repayment claims.

Under the new regime late submission penalties will work on a points-based system.

For each return you submit late, you will receive a penalty point until you reach the penalty point threshold. When you reach the threshold, you’ll receive a £200 penalty.


Capital Gains Tax on Rental/Holiday Lets

If you own a property that you rent out, be it a flat or house or a holiday let, you may have to pay Capital Gains Tax (CGT) when you sell the property.


The rules relate to whether you are a UK resident; if you live abroad or have dual residency for tax purposes etc, then the rules are more complex; please contact us at 


State Pension – deadline for buying back Missing Years from 2006

The deadline is 31st July 2023. If you want further advice or for MHR to check your State Pension forecast etc. please contact us at


Claiming for working from home?

HMRC during Covid relaxed the rules on working from home allowances due to the unusual circumstances we faced. However, they are now tightening up on this area back to the original rules.

Children's Race

High Income Child Benefit Charge

Find out about how the amount of child benefit money you are entitled to falls once you or your partner earns more than £50,000 a year. You repay 1% of the benefit for every £100 of income you earn above £50,000

Team meeting

Essential HR Checklist for employers

Find out what you need to do to be compliant at each stage of the employee life-cycle.

Image by Stephen Phillips -

Employee Expenses Reclaim

Read about a new form P87 to help standardise tax relief on work-related expense claims.

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