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Tax Corner: They're on a crypto crackdown

QUESTION: I have bought and sold crypto currencies over the past few years but never thought about declaring the profit or loss as I assumed it was gambling and tax exempt. ....

United Kingdom , Accountants Ltd , Crypto Asset Reporting Framework , United Kingdom Government , Paddy Harty , Irish News , Tax Corner ,

PERSONAL FINANCE: File early and get ahead

QUESTION: I am trying to get my financial affairs in order and wondered should I file my self-assessment return now and not at the end of January? ANSWER: It is inherently sensible to file your tax return as early as possible. ....

United Kingdom , Accountants Ltd , Paddy Harty , Irish News , Personal Finance ,

Tax Corner: 'Nudge' letters explained and why HMRC may have sent you one

QUESTION: I have received a strange letter from HMRC referring to persons of significant control and asking various questions about my 2021/22 tax return. ....

Accountants Ltd , Irish News , Paddy Harty , Tax Partner , Pm Accountants Limited , Max Corner , Judge Letter , Tax Return , Personal Finance ,

Death and taxes . . . they can't be avoided

QUESTION: I am the executor and sole beneficiary of my late uncle s estate which includes a residential property, a share portfolio and some EIS investments. ....

United Kingdom , Accountants Ltd , Party Harty , Inheritance Tax Return , Irish News , Paddy Harty , Max Corner , Death And Taxes , Inheritance Tax , Personal Finance ,

PERSONAL FINANCE: Tackling inflation with tax relief

QUESTION: I am a higher rate taxpayer and am disappointed with the net of tax return from my £100,000 of bank savings which is just 2 per cent after tax. ....

Accountants Ltd , Enterprise Investment Scheme , Seed Enterprise Investment Scheme , Capital Gains Tax , Paddy Harty , Irish News , Max Corner , Tax Relief ,