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| 01/02/2023 | |||||
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| How to challenge a K-code | Reporting crypto profits and losses |
| The PAYE system should deduct approximately the right amount of tax from your salary so that you do not have further tax to pay on that income. However, it assumes that your income remains steady from year to year. This may not be the case... Read More... | HMRC defines crypto assets as: "cryptographically secured digital representations of value or contractual rights that can be transferred, stored, and traded electronically". The various 'tokens' that have been created including Bitcoin, Litecoin, and Ethe.. Read More... |
| HMRC is chasing down the gig-economy |
| HMRC is writing to online sellers, gig economy workers, and influencers, asking them for unpaid taxes. There are two versions of the HMRC letter... Read More... |
| February Questions and Answers | February Key tax dates |
Newsletter issue – February 2023 1 - Individual taxpayers who have not paid their remaining tax and NI liabilities for 2020/21 by this date face a further penalty of greater than 5% of the tax showing as due on the return. Individual taxpayers who have not filed their 2020/21 self-assessment tax return by this date face a further penalty of the greater of £300 and 5% of the tax showing as due on the return. 2 - Employers must submit Form P46 (Car) to report cars first provided to employees during the quarter to 5 January 2023. 14 - Last day for employees to apply for deferment of primary class 1 NIC for 2022/23. |
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