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Personal Allowance Tax in the UK
As the UK Government offers £1,000 tax free trading allowance for any beermoney making on the side of your job, what do people do about this? Do you declare it yourself? Or do they contact you? If you survey/games etc en…
First reply kingpin_479

Beermoney from a cashback offers and bank switches aren’t taxable as they’re considered a cash inducements by HMRC which are tax free. The only Beer Money which counts towards your…

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Tax Black_CoFFee's avatar Regular · 1 month ago
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Why does it matter to UK cryptocurrency investors to maintain good records for all transactions?
Why does it matter to UK cryptocurrency investors to maintain good records for all transactions? Should cryptocurrency exchanges and wallets provide more facilities for calculating the profits on which users would have t…
First reply SatoshiTrail

cryptocurrency traders in the uk have to keep their documentation in order because without it the HM Revenue and Customs will not be able to determine how much Income Tax…

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Tax CoinVoyager's avatar Regular · 1 month ago
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When you buy UK shares you pay 0.5% stamp duty upfront yet the same transaction in US or European shares attracts zero such tax, how can the UK claim to be a competitive global financial centre?
That half percent drag means a £100,000 UK portfolio pays £500 more per turnover than an identical US listed portfolio. Doesn’t that directly discourage people from investing in their own home economy?
First reply Krys

One could argue that SDRT is a minor 0.5% and that london remains competitive due to deep capital pools, rule of law and time zone advantages but that defence ignores…

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Tax veteran's avatar Regular · 3 months ago
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