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Self-assessment is a system of calculating and informing HMRC of the amount of income tax payable in a tax year. Unlike employees whose taxes are automatically deducted through PAYE (Pay As You Earn), those with additional income or business income or other specific circumstances must declare their income and liabilities through a self-assessment tax return. … Continue reading
Cryptocurrency received for services you provide is ‘income’ and may be liable to tax and national insurance contributions (NIC). If due and if the tokens are readily convertible assets, these must be paid before the crypto is paid to you. Tax and NIC paid on your behalf by your employer must be reimburse within 90 … Continue reading
Phoenix Debola 