When you invest in liquidity pools and receive LP tokens in return, HMRC considers this a disposal, potentially resulting in Capital Gains Tax on any profit made. Cost Basis Calculation: Calculate the cost basis by summing the value of contributed tokens. Deduct this from the fair market value...
AP2. AR to check if CIS included in PAYE securities process.- CIS is not within the PAYE Securities regulations, so CIS deductions or credits will not be taken into account in the calculation of the amount of security required. AP3. DP to check internet guidance regarding ...
HMRC is proposing new methods for the timely payment of tax, ie bringing the calculation and payment of tax on CTSA and ITSA closer to the point where the income or profit arises, paying tax based on the taxpayer’s current year position using, where possible, up...
the taxpayer made a claim under section 80 of the VAT Act for repayment of sums overpaid as a result of having used this basis of calculation; because of the time limit in section 80, the taxpayer claimed and was repaid for the previous three years only. ...