Jan 18, 2024 | Personal Tax
As the 31 January deadline for self-assessment tax returns approaches, HMRC has reported that nearly 44,800 individuals are addressing their tax liabilities, which total close to £148 million, through payment plans. To date, over 7.7 million self-assessment customers...
Jan 10, 2024 | Personal Tax
HMRC has reminded individuals who have engaged in the buying, selling, or exchanging of cryptoassets during the 2022/23 tax year that they may be liable for income tax or capital gains tax (CGT). In many cases, these tax liabilities must be reported on a...
Jan 5, 2024 | Personal Tax
In a bid to tighten tax regulations and combat tax evasion, HMRC has implemented measures affecting sellers on platforms such as eBay, Vinted, Airbnb and Etsy. Effective from 1 January, many digital platforms are now mandated to collect and share transaction details...
Jan 3, 2024 | Personal Tax
As the self-assessment deadline looms on 31 January, 5.7 million taxpayers are still yet to file their tax returns. This figure closely mirrors the situation at the beginning of 2023, indicating a persistent procrastination trend. Some taxpayers utilised their holiday...
Dec 4, 2023 | Personal Tax
HMRC has rolled out a new initiative enabling taxpayers to voluntarily disclose unpaid tax on cryptoassets covering exchange tokens, non-fungible tokens, and utility tokens. The tax authority has initiated contact with selected taxpayers engaged in cryptoasset...
