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Member Articles


HMRC Issue ‘Nudge’ Letters on Crypto Assets

Back in Spring 2023 we highlighted HMRC’s plans for greater scrutiny on the reporting of all crypto transactions including for cryptocurrencies and NFTs and they are now sending out nudge letters to remind individuals. ...

UK Non-Dom Tax Changes Where Are We Now?

Figures published in July by HMRC show the amount of tax paid by people with non-dom status was £8.9bn in the financial year 2022-23, which is the highest level since rules were changed in 2017. There was also an incre ...

Spring Budget 2024 – Understanding the New VAT Threshold

The headline change for VAT is a long awaited (modest) increase in the annual VAT registration threshold from £85,000 to £90,000 from 1 April 2024. Whilst this news may be welcome for businesses trading just below the ...

4 Ways Virtual Finance Can Ensure VAT Compliance for Your Business

VAT can be a complicated tax, with frequent changes arising from new legislation, HMRC policy and court rulings. VAT compliance is also something that can be expensive to get wrong or fall behind on, which is the last th ...

Equal Opportunities Aren’t Enough!

This year’s theme for International Women’s Day is to Embrace Equity. What this means, in essence, is demonstrating equity in the workplace instead of simply talking about it. The International Women’s Day organisa ...

NFTs Explained; What Are the Tax Implications of Buying and Selling Crypto Assets?

NFTs are fast becoming the latest phenomenon in the world of crypto assets and are rarely out of the news these days. In the wake of his infamous civil suit this year, it was reported that Johnny Depp donated his NFT ear ...

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