The emergence of cryptocurrencies such as Bitcoin has seen a number of our clients query the tax implications. Such currencies have become mainstream with tax laws beginning to catch up with this innovative new form of asset.
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As self assessment tax returns for 2018/19 will soon be on the agenda, there are some key developments to keep in view.
Earlier this year, a report suggested that half a million people could be paying ‘unnecessary’ tax on their state pension.
A major change in the way that VAT is accounted for in the building and construction sector takes effect later this year.