Tax Tips

Those of you that know me will probably have heard me go on about Bitcoin over the last five years. It’s a technology that I’ve been interested in for a while and even looked at making Langdowns DFK one of the first accountancy practices to accept Bitcoin. However, volatility and the general stigma attached to Bitcoin put us off going down this route; how I rue that decision now!

Like many organisations HMRC are trying to embrace all things digital, with their current plans called ‘Making Tax Digital’ (MTD). The innovation of MTD has been building for years and has actually been implemented successfully in other countries already. The real question is “How is this going to affect me?”

Over the last few years the Government have introduced legislation to discourage ownership of buy to let properties, starting with the additional stamp duty (extra 3% on the entire purchase), to the most recent tapering of interest rate relief on loans. However, many of us still like the idea of investing in property and the perceived certainty of bricks & mortar, so is there an alternative that has been somewhat overlooked?

At the risk of offending 52% of my readership, I will nail my colours to the mast: ich bin ein Remainer. Which is why I was in a particularly reflective mood, following the outcome last week, to consider some of the taxation impacts of leaving the EU.

Talking about the car wash, yeah

I visited my local car wash this week, and they showed me a large screw in my offside rear tyre. So, I asked if they could repair it, and they said yes.