Resources

— Tax

VAT

VAT on International Transactions

As the internet makes it increasingly easy to buy and sell goods and services abroad, overseas transactions are becoming commonplace for many of our small business clients. Here we look at how to deal with these transactions from the perspective of UK VAT.

Kieran Burge March 12, 2021

Tax

How the UK is Taxing Cryptoassets and Cryptocurrency

The tax treatment of cryptoassets – like so much else about cryptocurrencies – keeps changing (some say “evolving”), as does much else about the field. It is still difficult, for example, even to say how many people are exposed to “crypto”, for instance, dabbling in trading bitcoin or using crypto for purchases. One figure offered […]

Tax

What is IR35? Off-payroll working changes April 2021

Unless you live under a rock, you’ve likely heard about the UK government’s crackdown on IR35. The tax legislation was initially established in 1999, and its focus is to stop tax avoidance by individuals (contractors) who serve their clients via intermediaries like private limited companies. Also referred to as ‘disguised employees,’ these individuals act, look […]

Tax

Pension Tax Relief for Higher Rate and Additional Rate Taxpayers

There are lots of benefits associated with pension saving, and one of the greatest is reduced tax. When saving into your pension program, the government will reward you for saving for the future in the form of tax relief. All the money that you direct to your pension scheme receives basic rate tax relief at […]

Tax

Top 6 Tips to Prepare for your Self Assessment Tax Return

The government relies on taxes to fund development projects, offer medical services, and improve security, among other things. If you earn any income or capital gains, you are required to pay income tax. Ordinarily, taxes are automatically deducted from salaries, savings, and pensions. If you are self-employed or earn additional income that is not automatically […]