General Tax

Day Trading Tax: UK Tax Return Deadline

If you’re an active day trader you’ll be conscious of the rapidly approaching deadline for filing your UK self assessment tax return by 31 January 2017. But how have you reported profits or losses made from day trading on your tax return? Have you given yourself private investor status and …

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Ali sucker punches HMRC in day trader tax case

When I refer to “Ali” I’m not referring to the late great Muhammad Ali recreating the “Thrilla in Manila” when facing HMRC as his opponent before departing this world last year. What I’m referring to is a defining tax case that a Mr Akhta Ali won after appealing a decision …