HMRC Voluntary Disclosures: What, When, Why and How
6 November 2024
Calculating the tax you owe and paying the authorities the right amount, year-in, year-out, can be challenging without the help of an accountant. When you
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Category: HMRC
Making Tax Digital Meets Basis Period Reform: A Streamlined Future?
16 October 2024
For many self-employed individuals in the UK, tax season has long been a complex affair. The introduction of Making Tax Digital (MTD) for Income Tax
Making Tax Digital for Landlords: Keeping Your Records Straight
18 September 2024
For landlords across the UK, the world of tax is about to get a digital makeover. Making Tax Digital (MTD) for Income Tax Self Assessment
Calculating and Reducing Your Capital Gains Tax on Sale of Property in the UK
3 July 2024
When you dispose of assets in the UK, the law dictates that, in certain circumstances, you must pay HMRC tax on the profit made. When
Making Tax Digital: A Guide to the UK’s Digital Tax Transformation
22 May 2024
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
Is Cryptocurrency Taxable? A Complete Guide to UK Tax and Crypto
20 March 2024
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,
What is a Personal Tax Account from HMRC?
3 March 2024
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
Capital Gains Tax on a Second Home
6 December 2023
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
Should You Charge VAT On Rental Income?
1 November 2023
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
Income tax basis period reform in the UK: what you need to know
18 October 2023
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
