30-day Capital Gains Tax – Do you understand the rules?
NOV 2021 UPDATE: In the autumn budget, the Chancellor announced that the 30 day CGT deadline for reporting disposal of a property would be increased to 60 days. This change was effective from 27 October. With all the distractions of the pandemic, it could be easy to...
Crypto-Currency & Bitcoin Tax Implications
With Bitcoin and cryptocurrency featuring more prominently in the news of late, people are inevitably curious to understand more about these investments and specifically the tax consequences. One misconception is that profits are
What does the HMRC self-assessment extension mean for you?
If you have not yet filed your self-assessment, the February extension gives you more time, but interest will still be added starting immediately. To the relief of many and with just days to go before the official 31 January deadline, HMRC granted a much-needed...
Economic Support – Latest Update
Following various amendments to the Furlough scheme (CJRS), the Government confirmed on Thursday 5 November that the UK wide scheme would be extended by a further five months, taking it until the end of March 2021. Extended support was also announced for millions of...