HMRC triples its CGT investigations to target amateur traders and crypto users
HMRC has tripled its investigations into capital gains tax (CGT), with an extra £202.4 million of tax pulled in. Capital gains tax is levied against profits on the disposal of capital assets such as second homes, share holdings,…
Autumn Budget 2024
This week saw the first Labour Budget in over a decade, and the first ever delivered by a female Chancellor. Many of the announcements did not come as a surprise whilst some others did. Not all of the…
Do I have to pay tax on my crypto gains?
Cryptocurrency, particularly Bitcoin, have risen in prominence over the last few years – with companies like Telsa accepting them as payment and countries like China banning them outright. Their value has risen, fallen and risen again, but investors…
HMRC to receive more information from online selling platforms
It has been announced that HMRC will be receiving more information from online selling platforms such as eBay, Vinted and AirBnB to ensure that people are paying the correct amount of tax. HMRC has always been allowed to…
Autumn Statement 2022
The Chancellor’s Autumn Statement didn’t have much good news for businesses but did reverse almost every previous policy announced by the previous Prime Minister and Chancellor. Many of the announcements affect us all, so below we have picked…
Do I need to file a tax return?
Every year at this time accountants are asked the same question – Do I need to fill in a tax return? Here are our answers to that question, plus the other four we always get asked as well:…
Do I have to pay tax on my bitcoin gains?
Do I have to pay tax on my bitcoin gains? Cryptocurrencies, particularly Bitcoin, have been in the press a great deal lately as their value soared throughout 2017. Experts are divided over whether this is a successful long-term…