Cryptoassets: The revenue’s tax stance

HMRC updates tax guidance for digital currencies Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late 2017, the price of a single Bitcoin surged to about $20,000 before falling away dramatically.[…]

R&D tax credits in practice

Tax breaks for innovative business The UK tax system is complicated but research and development (R&D) tax credits can be especially tricky to understand. That’s partly because what counts as R&D, and what amounts to true innovation, is judged on a case-by-case basis against criteria that can seem almost abstract. For example, to qualify as[…]

IR35 in the private sector

Key considerations for contractors before April 2020 Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private-sector contractors will be responsible for deciding if the rules should apply and[…]