Siu Chan

Hi, All the transactions of my Day trading are non-UK shares and executed via an online broker outside the UK. Shall I declare that Business is carried on abroad? If yes, is my Day Trading business exempt from VAT obligations? Thanks

Hi, Trading shares, securities, options, currencies or futures involve no VAT, thus an individual day trader is exempt from VAT registration even the annual turnover exceeds £85,000. Is my understanding correct? Thanks

Hi, May I know whether am I classified as a "Trader" or "Investor" if in the tax year of 2023 to 2024 I disposed 450 transactions of stocks, future, options and foreign currency at the amount of over £2.5 millions for the purpose of profit making and majority of the transactions are day-trading? Should I report my profits or loss as "Income Tax" or "Capital gains Tax"? Thank you