Stephanie Webber, tax writer at Croner-i, explains the tax implications of owning cryptoassets, valuation challenges and how to comply with the latest tax rules

The shift to home working brought about by the pandemic could cost the UK economy up to £32bn a year in lost personal income tax as well-paid workers may choose to become expats

The government has launched an online tool to help expectant parents share time off in the early stages of their baby’s life, allowing them to check eligibility and pay entitlement

The latest HMRC deliberate defaulters list shows that £17.8m in penalties are outstanding for tax evasion and related non-payment for the last quarter 

The Scottish Court of Session has ruled in favour of two asylum seekers in their claim to gain child tax credits dating back six years

A Nationwide IT contractor has lost his second appeal against a £70,000 tax bill for work conducted at the bank and building society

Working families can use tax-free childcare to help pay for their childcare costs over the summer, with the government topping up charges by 20%, but accounts must be renewed every three months

HMRC has issued Spotlight 58 setting out why disguised remuneration using unfunded pension arrangements are considered as tax avoidance with tough penalties for promoters

Director’s loans can provide a useful mechanism, in the right circumstances, to release funds to shareholders, perhaps before dividends are due and sometimes in a more tax efficient way than drawing a salary out of a company. John McCaffery, tax partner and head of tax at Alexander & Co Chartered Accountants explains

The House of Lords has criticised the creeping extension of HMRC powers at a debate on the second reading of Finance Bill 2021, which is not receiving proper parliamentary scrutiny

The Low Incomes Tax Reform Group (LITRG) has published guidance on how and where to include grants received under the Self-Employment Income Support Scheme (SEISS) on tax returns for partnerships

As the pandemic continues to affect the self employed the latest HMRC figures show that a total of £4.7bn has been paid out in grants for the fourth self employment income support scheme (SEISS)