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Bitcoin Halving 2024

Menzies

Menzies LLP - A leading chartered accountancy firm. This date is expected to be around 19 th April 2024 (but is not confirmed). On the winding up of any mining businesses, we can advise you in respect of any potential tax reliefs available at this stage. A Bitcoin Halving Event effects all who are involved in Bitcoin.

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Private Client: Spring Budget 2024 Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. See our Spring Budget 2024 Predictions and Wish List for from our Private Client Team below. Income tax Tax Liabilities Given the increased interest rates, more taxpayers will be benefitting from increased interest on income.

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Cryptoasset Reporting 2024: What do cryptoasset investors need to know?

Menzies

Menzies LLP - A leading chartered accountancy firm. April 2024 will see tax changes affecting cryptoasset reporting to HMRC come into effect. The changes will specifically focus on creating a dedicated section within HRMC’s self-assessment tax return form for cryptoasset capital gains tax (CGT).

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HMRC’s new Rules Bring Scrutiny to Vinted, Airbnb, and eBay Sellers

Menzies

Menzies LLP - A leading chartered accountancy firm. As the digital marketplace continues to expand, so does the focus of tax authorities on income generated from online trading. There is a trading allowance of up to £1,000 for occasional sellers, although those surpassing this threshold must file tax returns accordingly.

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Private Tutors and UK tax

Menzies

Menzies LLP - A leading chartered accountancy firm. So, if a tutor is earning less than £1,000 in a tax year from an online platform there will be no requirement to notify HMRC of this source or make a disclosure. This information will start to be collected from 1 January 2024.

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Developments in Transfer Pricing – UK and USA

Menzies

Menzies LLP - A leading chartered accountancy firm. In January 2024, HMRC released a summary of consultation responses on the proposed reform of transfer pricing rules (along with permanent establishment/PE and Diverted Profits Tax/DPT rules). What UK changes can we expect?

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Developments in Transfer Pricing – UK and USA

Menzies

Menzies LLP - A leading chartered accountancy firm. In January 2024, HMRC released a summary of consultation responses on the proposed reform of transfer pricing rules (along with permanent establishment/PE and Diverted Profits Tax/DPT rules). What UK changes can we expect?