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As the self-assessment deadline looms, HMRC warns millions about the importance of filing on time to avoid heavy penalties, particularly among online entrepreneurs.
Recent changes in tax law require online marketplace platforms to track UK sellers, aiming to ensure compliance and fair tax contributions from individuals earning above certain thresholds.
With 5.4 million individuals yet to file their self-assessment, it's critical to understand the implications of the taxation rules that came into effect last January.
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