23 July 2021
Cryptocurrency investors are likely to be in for a shock when preparing their tax returns this year, as they may need to undertake complex calculations and disclose details of all their crypto transactions to HMRC, even if no tax is due.
18 May 2021
Calls for the reform of inheritance tax are not new. The latest report from the Organisation for Economic Co-operation and Development (OECD) compares past and present approaches taken in its member countries and identifies radical opportunities for change. Will the Treasury be attracted by the prospect of simultaneously increasing both equality and tax revenues?
04 May 2021
Selling or moving between cryptocurrencies such as Bitcoin may be subject to UK capital gains tax (CGT). If you have made any material gains, failure to declare could be very expensive.
15 April 2021
For the first time since its 2013 introduction, the high income child benefit charge (HICBC) can now affect basic rate tax payers.
03 March 2021
Today, as what he termed ‘honest and fair’ measures to balance the public finances, the Chancellor pledged billions to continue to support businesses and families through the pandemic. He also stressed the importance of encouraging investment, especially in innovation, in order to build the UK’s future economy. This budget signalled a reprieve for business owners and angel investors with capital gains tax rates and key tax relief left untouched, but there remain concerns.
01 March 2021
A recent tribunal case demonstrates how gig economy workers can end up in tax trouble because they are in structures they do not understand.