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29/01/2023
HMRC questions claims for Lettings Relief
If you have claimed lettings relief to reduce the capital gains tax (CGT) payable on the disposal of a let property after 5 April 2020, you should expect to receive a letter from HMRC asking you to amend your tax return to remove that claim. Read More...
 
How to challenge a K-code
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...
 
Reporting crypto profits and losses
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
Q. One of my let properties required extensive repairs to cure a damp problem. The tenant was on an assured tenancy, so we reached an agreement under which I paid her to vacate the property, to allow the repairs to be carried out. The flat was relet after Read More...
 
February Key tax dates
1 - Individual taxpayers who have not paid their remaining tax and NI liabilities for 2020/21 by this date face a further penalty of the greater of 5% of the tax showing as due on the return. Individual taxpayers who have not filed their 2020/21 self- Read More...
 
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