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.
As Making Tax Digital for VAT (MTD) rolls out, it is important that businesses are aware of changes to VAT Notice 700/22 Making Tax Digital for VAT.
