Premier Accounts Blog

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...

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...

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...

Film-makers and video-game developers will be among the creative firms that can benefit from a new £50 million pot.  The Department for Culture, Media and Sport (DCMS) has announced a multi-year UK global screen fund will open soon.  That will provide £21m...

More than two million people missed a self-assessment tax return deadline on 31 January 2022, according to HMRC.  The tax authority said more than 10.2 million returns were filed ahead of the original deadline, leaving 2.3 million still to file. Late-filers had...

INCOME TAX ALLOWANCES 2022/232021/22Personal allowance*£12,570£12,570Personal savings allowance - Basic-rate taxpayer- Higher-rate taxpayer- Additional-rate taxpayer£1,000 £500 £0£1,000 £500 £0Dividend allowance at 0%£2,000£2,000Marriage/civil partner transferable...

How to use this guide Throughout 2021/22, COVID-19 has continued to dominate. Millions of employees and directors on payroll were furloughed, and the self-employed continued to rely on grants available via the income support schemes. Arranging your financial affairs...

More details have emerged on upcoming changes to the UK’s research and development (R&D) regime, which will take effect from April 2023.  The Treasury published a report on R&D following last year’s Autumn Budget, in which Chancellor Rishi Sunak announced...

Most UK importers were unprepared for the recent introduction of import controls on EU goods, according to a report from the Federation of Small Businesses (FSB).  Full customs declarations and controls took effect from 1 January 2022, although safety and...

Almost a quarter of landlords plan to sell up over the next 12 months as buy-to-let becomes increasingly difficult to navigate, a report has claimed. Research from the National Residential Landlords Association (NRLA) found that 23% of property investors intend to...