02/03/2026
How time flies! We reported on DAC7 coming in back in 2024! Now the first year has been reported
This means any
Transactions, income which overall is over £2000 or more than 30 transactions platforms like Fresha, Treatwell etc have to repot all of your income to HMRC
We are already receiving calls from salon owners and freelancers asking what they do as their self assessment doesn’t match their reported transactions!
Do not panic! Get advice from a reputable accountancy firm - not your mates….
Digital reported is now ongoing so every January 31st platforms submit transactions, income, even what bank account any money is sent to
The persona Unique Tax Reference number (UTR)
It’s seems HMRC are seriously on it!
If you are declaring all of your income there is nothing to worry about at all, if you are not declaring all of your income then you need to seek advice.
We are not here to judge
We are trying to help you
Complete don’t shoot the messenger, know the rules of the game