by Neil Da Costa | Aug 3, 2022 | Uncategorized
The pandemic provided the once-in-a-lifetime opportunity for people to evaluate their working lives and the time to dabble in cryptocurrency. In the UK, crypto is a chargeable asset and the gains are taxed as your top slice of income. However, the first £12,300 of...
by Neil Da Costa | Aug 1, 2022 | Uncategorized
Will the REAL Slim-Tax Shady please stand up? As Conservatives prepare to vote in our next Prime Minister, the key issue is tax cuts. Rishi has increased the tax burden for families to the highest level it has been in 70 years. This alongside with record inflation has...
by Neil Da Costa | Jul 29, 2022 | Uncategorized
In order to encourage innovation in the UK, HMRC offers SMEs an extra 130% deduction on R&D revenue expenditure including staff costs, materials, software, utilities, and 65% of subcontractor costs.SMEs have less than 500 employees and a turnover of fewer than 10...
by Neil Da Costa | Jul 28, 2022 | Uncategorized
One topic which is due to come up in the Advanced Tax September 2022 exam is the Enterprise Investment Scheme which offers tax benefits to venture capitalists that invest in unquoted trading companies. Wealthy individuals can invest up to £1M /year in new shares in...
by Neil Da Costa | Jul 28, 2022 | Uncategorized
One of the great aspects of being an Advanced Tax lecturer is that I meet students who are approaching the end of their qualification so once they pass ATX, they have a lot to celebrate! It is even more special to teach a couple that qualifies together as their lives...
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