By Ben Chernoff The tech industry has been an early adopter of payments and transactions using cryptoassets, such as digital coins and NFTs. Equally, many tech entrepreneurs have focused their own personal investments in this area to give themselves a brighter financial future. However, many individuals and businesses may not be aware of the tax […]
Tax planning for 2022 – what you need to know
No one wants to pay more tax than they are required to and yet every year hundreds of thousands of taxpayers miss out on opportunities to reduce their tax bill.
Making Tax Digital for VAT – What you need to know
The next few years will see several significant changes to taxation, including, more immediately, the further expansion of Making Tax Digital (MTD) for VAT in April this year.
Can you unlock new tax savings on property with capital allowances?
By Neil Driver Capital allowances are a really popular way of businesses reducing their annual tax bill and with so many different forms of relief on offer, there has never been a better time to make use of them.
Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed.
Government is set to close tax loophole for second homeowners
By Neil Driver, Director at Davis Grant The Government has announced its intention to close a tax loophole that could leave second homeowners facing higher bills. Michael Gove, Secretary of State for Housing, Communities and Local Government, has confirmed that the Government will introduce new rules next year that will only allow second homeowners to […]
Cryptocurrency and working out your tax liabilities
Cryptocurrencies are proving volatile at the moment with values tanking and then picking up again as the market fluctuates.
Tax relief: Are you missing out on up to £2,000 a year towards the costs of childcare?
Workers can claim up to £2,000 a year towards childcare costs by signing up to the Tax-Free Childcare scheme, it has been reminded.
Penalty reform for VAT delayed until January 2023
The penalty reform for late payments has been delayed until 1 January 2023, confirms a statement by Lucy Frazer (The Financial Secretary to the Treasury).