UHY Ross Brooke Chartered Accountants
In general terms there are a number of reasons why you may be required to complete a self-assessment return including that you: Also, you or your partner may receive Child Benefit but your income is over £50,000 meaning that you may have to pay a High Income Benefit Charge. In
Crypto investors may need to declare their income tax by filing a self assessment tax return, but how can you minimise how much tax you will have to pay? You could consider: Crypto tax can be very complicated and it’s worth taking professional advice from a crypto tax accountant. If
The Annual Tax on Enveloped Dwellings (ATED) is a tax charge broadly payable by corporate entities holding UK residential properties valued at more than £500,000. Enveloped properties must be revalued every 5 years. 2023 to 2024 is a revaluation year and properties must be revalued at 1st April 2022 or
As increasing numbers of businesses are operating in the crypto space, more employees are being paid in crypto, and consequently we are often asked, how do I pay tax on my earnings? Most employees in the UK are paid in fiat currency and will be subject to PAYE tax on
The mandatory use of software for Making Tax Digital for Income Tax Self-Assessment is being phased in from April 2026. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) was due to be phased in from April 2024. However, the government, recognising the current economic environment and the significant change
HMRC has been allocated an additional £73m to focus its tax investigations on high net worth individuals and offshore accounts. While your tax position may stand up to scrutiny from HMRC, the prospect of an investigation is never welcome and can not only take a great deal of time to
Although there has been no official announcement yet, it’s probably the worst kept secret that Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) has been deferred by 2 years. by Chris Davies From the digital vision set out by George Osbourne in 2015, it has already taken 7
The possibilities offered by de-fi seems to be virtually endless, but two very popular areas have been crypto staking and lending. By Chris Davies These come in various flavours but the underlying common theme is that these typically have offered returns, well above those offered by traditional banks and lenders.
Running your own company can be exciting but also challenging. Directors have lots of responsibilities including keeping company records up-to-date and making sure they’re filed on time. All limited companies, whether they trade or not, must deliver annual accounts to Companies House (CH) each year. This includes dormant companies. If
New employees can use the secure HMRC app to find out their personal tax information and pass details on to their employer – saving them time. As tens of thousands of people start seasonal jobs over the next few weeks, they can use the HM Revenue and Customs (HMRC) app