The Scottish government recently implemented changes in income tax rates for higher earners, increasing the disparity between taxes paid by affluent individuals in Scotland versus their counterparts across the UK. Shona Robison, the finance secretary unveiled a new income tax band of 45 percent applicable to individuals earning between £75,000 and £125,140 annually. Moreover, for […]

On 5 December 2023, HMRC confirmed that the double tax treaty (DTT) signed by the UK and San Marino on 17 May 2023 entered into force on 30 November 2023. This DTT will have effect in San Marino from 1 January 2024 and in the UK:

HMRC confirmed in sections 3.4.1 and 3.13.1 of Chapter 3: Gift Aid of its guidance notes that it does not consider cryptoassets to be currency or money, so any donation of cryptoassets will not be a qualifying charitable donation and therefore not eligible for Gift Aid. HMRC's guidance says that money can be donated in […]

On Wednesday the 22nd of November, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Autumn Statement package sets out a number of tax measures designed to strengthen economic growth through supporting British businesses and increasing the number of people in work. The statement also announces a […]

On 10 November 2023 the UK and other 47 countires committed to implementing the Crypto-Asset Reporting Framework (CARF) and the amendments to the CRS in a joint statement. The CARF is the new international standard on automatic exchange of information between tax authorities to ensure tax compliance and clamp down on tax evasion. The jusrisdicions […]