The Rest Is Money

46. The end of the gig economy’s golden era

Apr 4, 2024

Exploring tax implications for side-hustles, benefits of freeports, and the gig economy's impact on productivity. Also, discussions on clothing sales satisfaction, impartiality rules in broadcasting, and inflation calculation methods. Lastly, insights on economic zones like FreePorts and employee tax codes.

28:54

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Quick takeaways

Tracking tax compliance for online selling platforms is increasing, impacting sellers financially and administratively.

Incorporating housing costs in inflation calculations provides a more comprehensive view of cost of living changes.

Deep dives

Understanding Tax Implications of Selling on Vinted

Selling items on platforms like Vinted may require tax declarations due to updated rules. For instance, Vinted notifies HMRC when users sell over 30 items annually worth over £1,735. The focus is on informing users and cooperating with tax authorities to ensure compliance. Potential impacts on sellers include the need to prove ownership and costs for tax on profits.

Introduction

2min

Tax Implications of Online Selling Platforms

8min

Exploring Clothing Sales and Debating the Gig Economy's Impact on Productivity

4min

Navigating Impartiality Rules and Sponsorship Challenges in Current Affairs Broadcasting

3min

Exploring Inflation Calculation Methods in the UK and US

3min

Economic Zones and Tax Codes in Focus

8min

Will your side-hustle be taxed? Who will benefit from freeports? What does Britain’s gig economy mean for productivity? Join Robert and Steph as they answer all these questions on today's episode of The Rest Is Money.

Email: restismoney@gmail.com

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