January 2024 - Newby Castleman

17th January 202417th January 2024

Do you hold or trade cryptoassets?

< 1 minute to read If you receive cryptoassets from employment, or sell or exchange cryproassets, you may need to complete a Self Assessment tax return for the 2022 to 2023 tax year. Any income or gains above the tax-free allowance should be declared. The deadline to complete a tax return and pay any tax owed is 31 January 2024. …

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9th January 202417th January 2024

National Insurance rate change

< 1 minute to read On the 6 January 2024 the National Insurance rate for millions of UK workers was cut from 12% to 10%. This brings the main rate to its lowest level for more than twenty years. It applies to the Employees’ Class 1 National Insurance Contribution (NIC). The Employers’ NIC rates remain unchanged. Further cuts From April 2024, …

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3rd January 20243rd January 2024

Tax and the side hustle

2 minutes to read Do you sell unwanted items online? Is your creative interest bringing in a top-up income? The ease of online trading has been with us for several years now, and with apps like eBay, Vinted and Etsy, it has never been easier to turn unwanted items into cash. Add to the above Airbnb letting, renting out …

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