In summary, DeFi lending or staking is generally a taxable disposal, with tax treatment of returns based on the transaction specifics. We’ve written a full guide to help you navigate staking taxes: UK Staking Taxation Liquidity Mining Rewards Income Tax ...
For those are self-employed and receive property income, the gross annual income figure above applies to total gross income from both sources. From April 2026, self-employed individuals and landlords with an income of more than £50,000 will be required to keep digital records and provide qua...
Then there is the government’s flagship programme to make tax digital, which already requires some businesses to keep digital records and provide VAT returns through software. From April 2023 landlords and the self-employed with property or business income of more than £10,000 a year will be...
Members are reminded that under the Professional Conduct in Relation to Taxation standards, they should not be using client’s own login details to carry out agent work. View further details of these and other updates in the full Agent Update 96. Returns penalties factsheet HMRC has updated its...
Yes, you will need to apply for double taxation relief separately for your state pension. Double taxation relief in the UK doesn't automatically apply to all kinds of income once it's granted. It is specific to the type of income for which it's been granted in your case private pensions...
The taxation of remuneration arrangements involving employee benefit trusts (EBTs) has been the subject of investigation by HMRC for over ten years, with one of the first reported decisions inSempra Metals v IRC[2007] STC 1559. It has recently been cast back into the spotlight with the high ...
Yes, you will need to apply for double taxation relief separately for your state pension. Double taxation relief in the UK doesn't automatically apply to all kinds of income once it's granted. It is specific to the type of income for which it's been granted in your case private pensions...
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Yes, you will need to apply for double taxation relief separately for your state pension. Double taxation relief in the UK doesn't automatically apply to all kinds of income once it's granted. It is specific to the type of income for which it's been granted in your case private pensions...