The UK government’s Making Tax Digital (MTD) program is revolutionising how individuals and businesses file their taxes. Aimed at creating a more streamlined and efficient tax system, MTD is gradually
If you find yourself wondering, “is cryptocurrency taxable?” the short answer is: yes. In most circumstances, HMRC considers crypto to be a taxable asset. However, the type of tax –
The UK’s tax authority HMRC has been planning for several years now to make its system entirely digital – a scheme known to individuals and businesses up and down the
The number of holiday-let homes in the UK is rising, and rising fast. From 2018-2022 in England alone, the number of homes let out to holidaymakers soared by 40%, suggesting
When a limited company makes a profit in the financial year, its directors have the option to share that profit among their company’s shareholders using payments known as ‘dividends.’ In
A guide to understanding and paying capital gains tax on second homes The rules regarding paying capital gains tax on a second home in the UK have changed dramatically over
The 2023 Autumn Statement was presented against a background of inflation falling from recent peaks. Annual inflation for the last quarter of 2023 is now expected to be 4.8%, against
A complete guide to VAT on rent for UK landlords Many landlords in the UK are understandably unsure whether or not they should be paying VAT on their rental income.
The income tax basis period reform in the UK is a major change to the way that self-employed individuals and partnerships are taxed on their business profits. From the 2024/25
Whether you’re new to the construction industry or not, you’ve probably heard your colleagues talking about the Construction Industry Scheme, or been told you should register as a CIS subcontractor.
