30-day Capital Gains Tax – Do you understand the rules?
With all the distractions of the pandemic, it could be easy to forget that new rules for Capital Gains Tax (CGT) on property came into effect last tax year. While many taxpayers last year benefitted from payment holidays while HMRC tried to limit the impact of the...
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...