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January 2022

Tax Advice on Cryptocurrency and Cryptoassets

There are a number of myths centred around the taxation of cryptoassets in the UK, one of these myths is that cryptoassets are viewed as a ‘winning’ similar to gambling or playing the lottery and so therefore they fall outside the scope of UK taxation, but this is not the case. 

The importance of internal scrutiny for academies

Following on from the publication of the Academy Trust Handbook 2021 (formerly the Academies Financial Handbook) which became more of a general governance on all areas and not just purely focusing on the finances of the trusts, there are some key points within the handbook which all Academy Trusts should be aware of and complying to.

Extension to recovery loan scheme

The Recovery Loan Scheme (RLS) is currently open to businesses of any size to support them to access loans and other kinds of finance so they can recover after the pandemic and transition period, this replaced the former schemes of CBILS and BBLS.

Pre Year End Tax Planning Webinar – tax tips to consider before the end of the tax year

We will outline some of the opportunities that individuals and businesses may consider taking during the current year ending 5 April 2022, to be more tax efficient.

HMRC temporarily extend online self-assessment tax return deadline

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for one month giving Self-Assessment taxpayers extra time (if required) to complete their 2020 to 2021 tax return and pay any tax due. 

50% of OMB's in the South of England Plan to Raise Prices -With Supply Chain Disruption the Main Driver

Moore UK’s Owner Managed Business (OMB) survey shows that 50% of OMBs in the South of England, plan to increase their prices to the end customer over the next six months, with 63% stating supply chain issues as the main driver.