by Oasis Accountants | Dec 22, 2023 | Newsletter
In the dynamic realm of cryptocurrency, staying informed about evolving tax regulations is paramount. Here’s a concise breakdown of key considerations and recent developments provided by HMRC: Crypto as Shares, Not Cash: HMRC views cryptocurrency as shares,...
by Oasis Accountants | Dec 15, 2023 | Newsletter
The tax legislation states that a deduction from rental profits is allowable for expenses incurred ‘wholly and exclusively’ for the purposes of the business. This short and general provision has resulted in uncertainty and case law disputes between taxpayers and HMRC...
by Oasis Accountants | Dec 8, 2023 | Newsletter
As the festive season approaches, it’s crucial to ensure that the joy of your staff Christmas party doesn’t lead to unexpected tax liabilities. Here’s a quick guide to potential tax pitfalls and how to navigate them: 1. Expenditure Limit per Head:...
by Oasis Accountants | Dec 1, 2023 | News
Commission-Based Services: If an intermediary provides services on a commission basis, the supply of those services is typically treated as a standard-rated supply for VAT purposes. Facilitation Services: Services that involve facilitating transactions between buyers...
