Do you have to pay Taxes on Bitcoin UK? Capital Gains Tax is payable to HMRC on Bitcoin profits in the UK. Taxes on Bitcoin are calculated similar to shares. What is Bitcoin? Before we get into the detail on […]
Do Directors need to submit a tax return? Up until January 2019 HMRC have always insisted that a personal tax return be completed by a Director. This however was not the law. The law, do Directors need to submit a […]
Tax code 1250L will be the most common tax code for the tax year 2019/20. Most taxpayers will receive an updated tax coding notice from HMRC. This will be received from HMRC within the next few weeks if it hasn’t […]
Have you missed the January tax deadline? If so, it is important to act now as the penalties and fines will only increase. More than 700,000 taxpayers are reported to have missed the January tax deadline, so you are not […]
A £1,000 tax free trading allowance was introduced in April 2017. Individuals with trading income of £1,000 or less no longer need to declare or pay tax on this income. The £1,000 trading allowance can also be used for trade […]
There are several ways in which you can pay personal tax liabilities. We go though each option on how to pay personal tax, so that you can decide which option is most convenient for you. Recap: Who needs to pay […]
Landlords with rental properties could be hit with an increase in tax liabilities as restrictions to mortgage tax relief is gradually introduced. Those landlords with property portfolios which have large mortgages and who are higher rate tax payers will suffer […]
Company van tax and company car taxes are vastly different. If an employee is provided with private use of a company vehicle there are tax implications. Getting the type of vehicle wrong can cost you and the company ££££’s in […]