Cryptocurrencies are proving volatile at the moment with values tanking and then picking up again as the market fluctuates. But with an estimated more than two million currency holders in the UK, many may not be aware of their tax obligations ...
READ MOREThe earning threshold for Plan 2 student loan repayments in England and Wales will remain frozen for the tax year 2022-23, it has been announced. Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at ...
READ MOREWorkers can claim up to £2,000 a year towards childcare costs by signing up to the Tax-Free Childcare scheme, it has been reminded. HM Revenue & Customs (HMRC) said thousands of families may be missing out on free cash each month. If ...
READ MOREScammers posing as HM Revenues and Customs (HMRC) were rife in March 2021, with a staggering 79,477 calls reported. However, as of December 2021, reported scam calls were down by 97 per cent to 2,491. As well as calls, phishing emails saw ...
READ MORESmall businesses could get up to £5,000 to pay for cloud accounting software under the Help to Grow: Digital scheme, it has been announced. The initiative – which forms part of the Government’s flagship support programme for small businesses – launched ...
READ MOREThe penalty reform for late payments has been delayed until 1 January 2023, confirms a statement by Lucy Frazer (The Financial Secretary to the Treasury). There is currently a VAT default surcharge in place, which is incurred if the VAT return ...
READ MORESmall and medium-sized enterprises (SMEs) that do not use Making Tax Digital (MTD) for VAT make more errors than those that do, a major study has revealed. The research, published by HM Revenue & Customs (HMRC), comes before the introduction of ...
READ MOREAnnual investment in companies with goals to tackle climate change has quadrupled since 2018. In December 2021, annual investment in sustainability-focused firms hit an impressive £39.8 million, up from £8.3 million three years prior- reveals the crowdfunding platform Crowdcube. The number of ...
READ MOREThe rate of interest charged on late payments by HM Revenue & Customs (HMRC) has increased, it has been announced. It comes after the Bank of England (BoE) increased the base rate from 0.1 per cent to 0.25 per cent on ...
READ MORETemporary legislation permitting outdoor markets and marquees will be made permanent, the Government has confirmed. The announcement will be welcomed by high street firms and hospitality businesses that are facing increasing coronavirus uncertainty. The temporary permitted development rights were introduced last year ...
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