Monthly Tax E-News (Oct26)

Cryptoasset holders are reminded that digital currencies are fully taxable under standard capital gains and income rules, with HMRC increasing its data-gathering capabilities. Vehicle VAT, businesses generally cannot reclaim tax on cars unless private use is completely prohibited, though a recent tribunal ruling confirms that initial purchasing intent remains a vital factor. Self-employed individuals and landlords earning above thirty thousand pounds must prepare for Making Tax Digital arri...