Mar 17, 2023 | Government AnnouncementsPersonal Tax
People investing and trading in cryptocurrencies will soon have to declare any income in their self-assessment tax returns. The new Government guidance will introduce these changes from the 2024/25 tax year onwards, bringing greater scrutiny to the reporting of all...
Mar 15, 2023 | Government AnnouncementsPersonal Tax
The pension lifetime allowance, which limits the amount savers can contribute to their pensions without a tax charge, will be abolished, Chancellor Jeremy Hunt announced in today's Spring Budget. Currently, people who save more than the current allowance level of...
Mar 14, 2023 | Personal Tax
In a few weeks, the capital gains tax (CGT) allowance will drop to just £6,000 - more than half the current £12,300 exemption. The Chartered Institute of Taxation (CIOT) is warning taxpayers that this change may require thousands more people to fill out a...
Mar 10, 2023 | Government AnnouncementsPersonal Tax
HMRC has issued guidance clarifying IR35 rules for intermediaries and contractors providing services to small clients. IR35 rules, or off-payroll working rules, ensure that freelancers and contractors pay the same amount of income tax and National Insurance...
Mar 6, 2023 | Personal TaxVAT
Businesses say complex pricing models are a main concern when choosing Making Tax Digital (MTD)- compatible software. The latest HMRC research into MTD software shows that businesses find checking and comparing costs "confusing", particularly for those looking for...
