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Ackland Webb Accountants

Crypto Assets

From 2025, HMRC will require income, gains, and losses from crypto assets to be reported separately on self-assessment tax returns. For crypto investors, this is an important change and not entirely unexpected, given HMRC has long viewed crypto reporting as a problematic area and the new rules will give them greater…

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Online Selling

Starting January 1, 2025, online resale platforms like eBay and Vinted will begin reporting details of sellers to HMRC if their annual online sales exceed £1,700 or if they make more than 30 transactions. This move aims to identify individuals generating undeclared profits from online sales – a growing area of concern for HMRC.

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Budget Summary 2024

This review is intended to offer some practical thoughts and insights on how changes to the tax system might affect the majority of our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.

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