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Paying Tax On Cryptoassets

HMRC recently launched a new campaign targeted at crypto investors as part of a crackdown on tax evasion. They have introduced a new disclosure and payment service for taxpayers to voluntarily disclose and pay any unpaid taxes associated with cryptoassets. Cryptoassets (also known as tokens or cryptocurrencies) include exchange tokens (for example, bitcoin), non-fungible tokens […]

Read more January 8th, 2024

Festive Tax Return Filers

HMRC announced that 4,757 taxpayers filed their Self Assessment tax return on Christmas Day. This added to 8,876 being filed on Christmas Eve and a further 12,136 being filed on Boxing Day. Apparently, the peak time was between 12 and 1 pm on Boxing Day when HMRC received 1,121 returns. Myrtle Lloyd, HMRC’s Director General […]

Read more January 3rd, 2024