Stablecoins to escape CGT
Currently, stablecoins are taxed in the same manner as other cryptoassets. However, this is anticipated to change in April 2027, when eligible stablecoins will likely be classified similarly to money for tax purposes.
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Currently, stablecoins are taxed in the same manner as other cryptoassets. However, this is anticipated to change in April 2027, when eligible stablecoins will likely be classified similarly to money for tax purposes.
The legal framework in England and Wales is progressing towards equal treatment of married and unmarried couples.
Although no date for its introduction has yet been announced, the government has recently provided some details for the new first time buyer individual savings account (FTB ISA), which is set to replace the lifetime ISA (LISA).
The tax gap for the fiscal year 2024/25 has reached a new high of £59.2 billion, with small businesses responsible for approximately 62% of the uncollected taxes.
Public house owners have encountered significantly increased business rates bills starting April 2026. To help mitigate these hikes, the government has introduced a 15% discount for the current year and recently announced a 20% discount for 2027/28.
HMRC has released new information regarding the process of collecting inheritance tax (IHT) on pensions.
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