Resources

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

Do I need to do a tax return? Self Assessment Guide

Although many people in the UK have their income taxed at source through PAYE, the majority of self-employed and company directors will need to fill in a self-assessment tax return. You’ll also be required to complete a self-assessment tax return if you have other sources of untaxed income or meet specific criteria. You always file […]

Kieran Burge October 11, 2021

Tax

What is Payment on Account? And How Is It Calculated?

Payments on account are advanced payments towards your tax bill. If you’re submitting a self assessment tax return, you’re required to pay some of your estimated tax liability in advance before the end of the next financial year. As a result, you must make two payments on account every year to help prevent you from […]

Kieran Burge August 2, 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 […]

Kieran Burge June 3, 2021