Disclosing historic cryptoasset tax liabilities
[ad_1] HMRC has launched a new service for taxpayers to voluntarily disclose any unpaid tax on cryptoassets, such as exchange tokens, non-fungible tokens, and utility tokens. HMRC has recently sent emails to some taxpayers it believes have entered into cryptoasset transactions, but have not paid tax on those transactions. Transactions giving rise to capital gains […]
Resolving HMRC employer liabilities payments account errors
[ad_1] ICAEW’s Tax Faculty requests real-life examples to help convince HMRC of the problem. Over the years, ICAEW’s Tax Faculty has received many reports of differences between HMRC’s employer liabilities & payment (L&P) account figures and employers’ own records. These have often proved difficult to resolve. Employers have lost trust in HMRC’s employer L&P records, […]