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| The PAYE system should deduct approximately the right amount of tax from your salary so that you do not have further tax to pay on that income. However, it assumes that your income remains steady from year to year. This may not be the case. Read More... | |
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| HMRC defines crypto assets as: "cryptographically secured digital representations of value or contractual rights that can be transferred, stored, and traded electronically". The various 'tokens' that have been created including Bitcoin, Litecoin, and Ethe Read More... | |
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| HMRC is writing to online sellers, gig economy workers, and influencers, asking them for unpaid taxes. There are two versions of the HMRC letter. Read More... | |
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| Q. One of my let properties required extensive repairs to cure a damp problem. The tenant was on an assured tenancy, so we reached an agreement under which I paid her to vacate the property, to allow the repairs to be carried out. The flat was relet after Read More... | |
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| 1 - Individual taxpayers who have not paid their remaining tax and NI liabilities for 2020/21 by this date face a further penalty of the greater of 5% of the tax showing as due on the return. Individual taxpayers who have not filed their 2020/21 self- Read More... | |
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