Personal Tax

Tax on Cryptocurrency

Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and HMRC's too. In 2014, HMRC issued basic guidance before replacing it with comprehensive guidance more recently, that helps us better understand their stance. While [...]

2020-03-09T07:41:30+00:00March 9th, 2020|Personal Tax|

Gearing Up for Self-Assessment

There's only two months left until the 31 January deadline for online self-assessment tax returns. At some date in the next few years, but no earlier than 2021, digital returns for income and corporation tax will become mandatory for some [...]

2019-12-06T17:45:00+00:00December 6th, 2019|Personal Tax|

IR35 in the Private Sector

Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private sector contractors will be [...]

2019-11-11T11:34:02+00:00October 8th, 2019|Personal Tax|

Residence and Domicile

For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in [...]

2019-11-11T11:34:02+00:00September 2nd, 2019|Personal Tax|

Saving for Your Retirement

Almost half a million people over the age of 70 were in full or part-time work at the end of March 2019, according to the Office for National Statistics. This represents a rising year-on-year trend, and a 135% increase on [...]

2019-11-11T11:34:02+00:00August 5th, 2019|Personal Tax|

The Tapered Annual Pension Allowance

The tapered annual pension allowance for high net-worth individuals was in the headlines again recently. During 2019/20, the tapered annual allowance will have a much larger impact on those affected. If you are a consistently high earner, you are unable [...]

2019-11-11T11:34:02+00:00July 1st, 2019|Personal Tax|

Personal Tax Planning

With the Brexit process rumbling on, Making Tax Digital coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20. The way you receive an income, and the rates and [...]

2019-11-11T11:34:02+00:00April 1st, 2019|Personal Tax|

National insurance planning

Due to the UK's ageing population, the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018. Are you paying the right amount of national insurance? Read the [...]

2019-11-11T11:34:11+00:00January 7th, 2019|Personal Tax|