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HMRC has published guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep. HMRC has also published further information for businesses and companies about the tax treatment of cryptoasset transactions.

In a letter in November 2019, the Secretary of State for Health and Social Care, Matt Hancock, has agreed to a temporary commitment to make payments to certain clinical staff outside of the NHS pension schemes to restore the value of their pension benefits package.

HMRC has issued an update to the Check employment status tool (CEST) in advance of the introduction of new tax rules proposed for individuals who provide their personal services via an 'intermediary' to a medium or large business. The tool is designed to give HMRC's view of the status of contracts and has received criticism.

HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline.

New company car advisory fuel rates have been published which took effect from 1 December 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car.

Accountants & Business Advisors, Whittingham Riddell (WR), based in Shropshire, Mid and North Wales has its sights set on future growth and continuing to offer excellent customer service. As a long-established business, the firm is focused on developing its business to ensure that it continues to be fit for the future. 

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.

Local firm Whittingham Riddell (WR) Chartered accountants and business advisors have recently welcomed a new Finance Director, Jonathan Glover to their team, as the firm continues to grow and develop its business.

If your business needs investment and financially this is viable, there may never have been a better time to undertake substantial projects and to purchase plant and machinery from a tax saving perspective. 

HMRC has updated their guidance on how to recognise when contact from HMRC is genuine and how to recognise phishing or bogus emails and text messages.

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