This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Q: I am thinking about buying some cryptocurrency but before I do, I wanted to understand the tax implications. What do I have to declare in terms if I do go ahead? Is it taxed in the same way as my income? A: Cryptocurrency (Bitcoin, for example) ...
Read moreThe record number of taxpayers submitting Self-Assessment tax returns was beaten in January, it's been revealed, with a new high of 11.5 million being reached. That's quite some number! But, judging by the figures HMRC released, somewhere between 0.5million and 1.1million failed to send theirs in by the deadline ...
Read moreA surge of bogus tax refund phishing scams is feared by HMRC officials. The Government body has warned self-employed people to watch out for fraudsters who are likely to want to target the 11.5 million or so who have just recently sent in their Self-Assessment tax returns. Scammers will ...
Read moreIt's nearly that time again when the Chancellor of the Exchequer rises to his feet to address the House of Commons to deliver the latest Budget. This Spring announcement - set for 6 March - is earlier than typical, with a General Election looming sometime later this year, in ...
Read moreHave you overpaid on your pensions tax? HMRC has released information showing that £38million worth of repayments were issued to thousands of savers (aged 55 and over) in the final quarter of 2023. More than 12,000 reclaim forms were processed. In the main, it was individuals accessing their pensions flexibly who ...
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