Cryptoasset holders are the latest to be targeted by HMRC for reported failure to pay tax on profits as the Government seeks to reduce the tax gap and bolster public finances. Tax non-compliance is estimated to be high in the cryptoasset sector, as tax legislation faces the challenge of keeping up with a rapidly evolving […]
HMRC has launched a new digital tool to help businesses estimate the potential impact of their VAT registration. This will be useful for established business owners and those planning to start a business. VAT registration Registration for VAT is required if a business’s taxable turnover (including zero-rated sales) exceeds £90,000 for the previous 12 months […]
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