UHY Ross Brooke Chartered Accountants
In a recent article published in the FT Advisor, our Crypto Tax Director Phil Kinzett-Evans describes the tax challenges facing crypto investors. These issues include: Cross border regulation and reporting UK tax classification – Capital Gains or Income Tax? When is a crypto currency conversion liable for tax? Tax implications
Less than one month before the self-assessment submission deadline, 5.7m people still had not filed their tax return. Over 12 million people are required to submit tax returns for 2022/23, many as a result of overlooked income such as renting out property through Airbnb, cryptoassets, having savings, investments or even
As Halloween approaches, the air is filled with excitement, eerie decorations, and the promise of treats. By Phil Kinzett-Evans While you’re busy planning costumes and carving pumpkins, don’t forget about your financial obligations. Just like the ghosts that come out to play on Halloween, taxes have a way of creeping
Just hours before the self-assessment submission deadline, 2.7m people still had not filed their tax return. Over 12 million people are required to submit tax returns for 2021/22, many as a result of overlooked income such as renting out property through Airbnb, having higher levels of savings, investments or even
In light of the revelation that the government minister Nadhim Zahawi has just received a £1.5m fine for a careless error on his tax return, and as the filing deadline for 2021/22 tax returns is now upon us, we thought it would be a good time to consider: “ What
HMRC data shows that 3,275 people filed their self-assessment tax returns on Christmas Day 2022. This marks a record, with the number of people submitting their tax figures on December 25 up 15% on the 2,828 returns recorded on the same date in 2021 and the 2,700 logged in 2020.
On your special day this is one father’s day present you will not want. Child benefit claimed, repaid, income tax rate and risk of a fine from HMRC. Way back in 2013 we published a blog about the unfairness of the Child Benefit entitlement and the marginal rate of tax
Download our handy tax card which shows the latest tax rates for the taxes we are asked most about. Any questions? Please contact us about the April tax changes. We can provide a full tax review which will help identify possible tax savings.
The costs of keeping the country running through Covid were huge and inflation is expected to add to the country’s debt. The Office for Budget Responsibility has indicated that the treasury will need to find £45bn in interest, before even thinking about paying off the debt itself. As taxpayers we
HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any COVID-19 grant payments on their 2020 to 2021 tax return. These grants are taxable, and you should declare them on your 2020 to 2021 tax return before the deadline on 31 January 2022. The Self Employed Income