The UK government has published draft legislation that will bring crypto asset firms—including crypto exchanges, custody providers, and brokers—under the scope of UK financial regulation for the first time. Announced by the Chancellor during UK Fintech Week, this move...
HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is ticking for getting self-assessment tax returns filed in time for the 31 January 2025 deadline. More than 3.5 million tax returns have already been submitted, however HMRC are anticipating more...
HM Revenue and Customs (HMRC) have issued a press release debunking some common myths about whether or not someone needs to register to complete a self-assessment tax return. The basic requirement is that anyone who needs to complete a self-assessment return for the...
Filing your self-assessment tax return correctly is not just about fulfilling a legal obligation; it’s about safeguarding your financial well-being. Here are comments from IACEW why taking extra care in this process is crucial: “A taxpayer should take reasonable care...
Surely, we’ve all had to rely on excuses for homework not being done when were young. The most familiar must be the old, “my dog ate my homework”. Classic. Would you be surprised to hear that people have been equally creative when it comes to reasons for being late on...
Are you self-employed or have a business from which you earn dividends? If your UK tax bill is more than £1000 for a tax year and you pay less than 80% of your income tax at source i.e. salary income from which PAYE is deducted, HMRC will ask you to make advance tax...