A sharp rise in bitcoin prices has pushed the cryptocurrency above $30,000 (£24,118) for the first time since 10 June last year, just before the Celsius crypto lending company froze withdrawals in the run-up to its collapse.
Category: Finance
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Tax hikes arrive but IR35 remains freelancers’ biggest fear
Despite the raft of tax hikes introduced this month, on the two-year anniversary of private sector IR35 reform, the legislation still tops contractors’ concerns
Gary Lineker wins £4.9 million tax battle with HMRC
Gary Lineker has won his £4.9 million tax battle with HMRC.
Members of ‘pension liberation scheme’ lose tax case
A businessman who presided over one of Britain’s worst “pension liberation” scandals was branded evasive, hostile and guilty of “highly regrettable conduct”, according to the judgment in a tax tribunal published yesterday.
Binance faces US ban for ‘breaking laws’
Binance faces a ban in the United States after being sued by an American watchdog for breaking and ignoring a host of financial and market rules.
Two thirds of UK consumers say personal finance doesn’t add up for them
Almost two thirds of consumers cannot answer basic questions about their finances correctly, according to a survey from PwC and YouGov.
Deadline extended for National Insurance top-ups
People have been given more time to plug gaps in their National Insurance record – to ensure they can maximise their state pension entitlement.
Last chance for businesses to take advantage of Super Deduction Tax Relief
The Super Deduction Tax Break was brought into action in April 2021 to help kickstart the economy post-Covid and provide businesses with an incentive to make additional investments in machinery and tools.
Gary Lineker’s lawyers say HMRC tax inquiry ‘looking in the wrong place’
Gary Lineker’s lawyers have told a legal hearing that a tax inquiry into the footballer’s finances has been “looking in the wrong place”.
HMRC reminds businesses about new VAT penalties and interest ahead of filing deadline
HM Revenue and Customs (HMRC) is reminding VAT registered businesses to file their VAT returns and pay on time, ahead of new penalties being applied.
Inheritance Tax Receipts reach £5.9 billion in the months from April 2022 to January 2023
HMRC raked in £5.9 billion from inheritance figures from April to January 2023 according to figures released this morning.
Tax agency stopped from operating by HM Revenue and Customs
A company which charged taxpayers significant sums to make claims for tax refunds has been stopped from operating.
Inheritance Tax Receipts reach £5.3 billion in the months from April to December 2022
Figures released by HMRC today show that the Treasury raked in £5.3 billion in inheritance tax receipts in the months from April to December 2022. This is £700 million more than in the same period a year earlier, continuing the upward trend.
Stuart Barnes scores another IR35 win against HMRC
Former professional rugby player and now rugby commentator Stuart Barnes wins his won his IR35 case of £695k in tax against HMRC.
Investors convert ‘totally worthless’ NFTs into tax write-offs
Just a year ago, Washington DC’s Hirshhorn art museum – the capital’s preeminent contemporary art museum – was asking whether non-fungible tokens (NFTs) were “fad or the future of art”. Twelve months on, it looks like “tax write-off” might have been the right answer.
