HMRC: No Tax Offset for Selling Personal Items at a Loss
HMRC clarifies strict tax rules for online sellers. Find out why losses on personal belongings cannot reduce your income tax bill and what the actual Capital Gains Tax rules are.
Category : Search result: offset losses
River Island Closing 33 Stores in January Restructuring
High street fashion chain River Island will close 33 UK stores by end of January 2026 as part of a court-approved restructuring plan. See the full list of affected locations.
Gloucester timber merchant closes after more than a century
Griggs Timber Company in Gloucester shuts down days before Christmas after years of losses, affecting two dozen workers. Read the full story on this historic closure.
Starmer's future at risk in 2026 election losses
Polling expert Lord Hayward warns Labour faces heavy losses across England, Scotland, and Wales on May 7, 2026, potentially jeopardising Keir Starmer's leadership. Read the analysis.
TGI Fridays UK closures put 500 jobs at risk
TGI Fridays enters administration, closing 49 UK restaurants. 500 staff face redundancy due to 'insurmountable' economic pressures. Read the full story and list of closures.
Major UK Shoe Chain Axes 100 Jobs After Sales Plunge
VF Corporation, owner of Vans and The North Face, axes nearly 100 UK jobs after a 10% sales drop. Turnover falls to £321.5m as consumers cut spending. Read the full financial analysis.
Mothercare Plans Rebuild After £1.4m Loss and Sales Fall
Mothercare announces plans to rebuild its UK and global operations despite posting a £1.4m loss and a 25% sales drop. The retailer says it has 'stabilised' and is seeking a new CEO.
Major UK machinery firm collapses into administration
Warwick Ward Machinery Ltd, a major UK supplier, has entered administration after 55 years, citing economic pressures on construction. 89 jobs are at risk. Read the full story.
Toolstream in administration, 111 jobs axed
Major UK DIY distributor Toolstream has collapsed into administration, blaming post-COVID supply issues. 111 jobs have been cut as administrators seek buyers. Read the full story.
Swansea University confirms further job losses
Swansea University opens new voluntary exit schemes for staff as it seeks £25m in savings, with compulsory redundancies not ruled out. The UCU warns of potential industrial action.
Stella McCartney reports £33.5m loss as sales plummet
Stella McCartney's fashion brand sees pre-tax losses widen to £33.5m with revenues falling to a 15-year low of £16m. Discover the full financial details and the impact of her buyback from LVMH.
Birmingham EV firm Petalite cuts jobs, seeks buyer
Birmingham-based electric vehicle charging manufacturer Petalite enters administration, leading to job losses. Administrators seek a buyer for its proprietary technology. Read the latest.
Timber Group Collapse: 550+ Jobs Lost in UK
National Timber Group, the UK's largest independent timber distributor, enters administration with 561 redundancies and 13 site closures. Administrators launch urgent sale process.
Birmingham law firm collapses with job losses
Bell Lax Solicitors in Sutton Coldfield enters administration, resulting in redundancies. Discover the impact on the West Midlands legal sector and the reasons behind the collapse.
First Bus ends all Cornwall services, 275 jobs at risk
First Bus announces complete withdrawal from Cornwall in February 2026, putting 275 jobs at risk due to financial challenges and falling passenger numbers. Read the full story.
300+ jobs lost in North East construction firm collapse
Cramlington-based modular construction firm Merit enters administration, resulting in over 300 redundancies and halting work on major projects like Berwick Infirmary. Administrators seek solutions.
350 UK jobs at risk in car parts factory closures
Japanese firm NSK plans to close two UK car parts factories, putting 350 jobs at risk. Unions vow to fight the closures in County Durham. Read the full story.
BT loses 100,000 broadband customers to rivals
BT Group faces significant customer losses as competitors like Sky, TalkTalk, and Virgin Media O2 lure away broadband subscribers with aggressive pricing and package deals.
The Entertainer announces major job cuts amid cost crisis
Britain's beloved toy chain The Entertainer faces tough restructuring with significant job losses as rising costs and tax pressures hit the retail sector hard.
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