RE: Banning shorting .. and derivatives .. and crypto currency4 Apr 2024 13:55
Afternoon Potnak, l for one do not think.it is a good thing to have to keep the tax man happy.
Fortunately the threshold has been raised for 24 25 tax year whereby need to complete tax assessment form. However the tax paid is still horrendous along with NI contributions.
Slightly akin to Tim.saying they were having diffuculty reaching an MTD ( they never reached it) Look at the problems that arise later on.
Tax man wants to know in and outs of everything.
The only thing similar in complexity is renewing SC clearance, 38 pages to complete of which all can be checked out if they fo wish.
New Tax year starts soon so lots of bed and ISA transaction l reckon.
Regards