Bitcoin could reach $100,000 by the end of next year, an analyst at Standard Chartered has claimed. Geoffrey Kendrick said he expected investors to pile their money into cryptocurrency markets now that the “crypto winter” was over. This month the digital currency’s value rose above $30,000 for the first time since June, although it has […]
Sky Sports tennis presenter has lost an IR35 tax case against HMRC on a technicality. Barry Cowan had appealed a previous decision by HMRC that he should be treated as an employee of Sky for tax purposes, relating to work carried out between the 2014 and 2019 tax years. The appeal was made by a […]
Some £177.6 million was lost to impersonation scams last year, with more than 45,000 cases reported, according to a finance industry trade body. UK Finance, which leads the Take Five campaign, highlighting the dangers of fraud, said there were 45,367 cases of this type of fraud in 2022. The figures were released during Take Five […]
Despite the raft of tax hikes introduced this month, on the two-year anniversary of private sector IR35 reform, the legislation still tops contractors’ concerns The arrival of the 2023/24 tax year and with it an array of tax increases impacting freelancers and contractors does not detract from the fact that the IR35 legislation remains these […]
A businessman who presided over one of Britain’s worst “pension liberation” scandals was branded evasive, hostile and guilty of “highly regrettable conduct”, according to the judgment in a tax tribunal published yesterday. Craig Tweedley, founder of the pension scheme company Ark LLP, displayed “a total disregard for due diligence and careful administration and was primarily […]
Binance faces a ban in the United States after being sued by an American watchdog for breaking and ignoring a host of financial and market rules. In a searing court filing, the Commodity Futures Trading Commission alleged that the world’s largest crypto trading platform had put its commercial success over compliance with US law in […]
People have been given more time to plug gaps in their National Insurance record – to ensure they can maximise their state pension entitlement. Initially, people had until 5 April to make voluntary adjustments for gaps between 2006 and 2016, but the cut off has been extended to the end of July. The original deadline […]
Breadcrumb Trail Links Finance Economy Banking Legislative tweak will allow Bank to get rid of its first red ink in history Finance Minister Chrystia Freeland has told Bank of Canada governor Tiff Macklem that the government will amend legislation so that the central bank can keep earnings to offset its losses. Photo by REUTERS/Blair Gable […]
Former professional rugby player and now rugby commentator Stuart Barnes wins his won his IR35 case of £695k in tax against HMRC. Speaking about the decision, Ryan Dawson, Project Manager at contract insurance specialists Kingsbridge said, “This is clearly another blow for HMRC in the list of ongoing IR35 cases but it should signal another […]
Just a year ago, Washington DC’s Hirshhorn art museum – the capital’s preeminent contemporary art museum – was asking whether non-fungible tokens (NFTs) were “fad or the future of art”. Twelve months on, it looks like “tax write-off” might have been the right answer. This year was not just the year that cryptocurrency values were […]