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Cryptoassets: how are they taxed in 2022?
HMRC’s evolving approach towards taxing crypto. Cryptocurrencies continue to become more mainstream, and the taxman’s very aware of the gains investors have made in the last five or six years. Back in 2009, investors could snap up one Bitcoin for $1. Fast...
‘Ditch NICs increase to free up funds for apprentices’
The Treasury is being urged to consider a late U-turn on introducing the National Insurance contributions (NICs) increase next month to boost apprenticeships. All NICs rates will increase by 1.25% from April 2022 to help fund the development of the new...
HMRC eyes reform of stamp taxes and multiple dwellings
Changes to reform multiple dwellings relief and how stamp duty land tax is calculated on purchases of mixed-use properties could be in the pipeline. A 12-week consultation closed last month after HMRC sought feedback on proposals to crack down on abuse by restricting...