I suspect JIMMWX was more pointing towards themselves not understanding rather than trying to be rude…
The rest of the world has gone to sh*t… lets keep it nice and positive in here!
sure, seems like it…
If you think that was rude, you must not go online often. Blunt perhaps, but there were a lot of acronyms I didn’t know, perhaps others too.
And some were questions. For example, if someone comes here and talks about percent changes, without data, it’s just opinion put across as statements of fact. So I’d like to see data to back up what they are saying, or commentary that it’s their opinion.
Have a great day 
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Agree with what you said too. I have 3637 shares and would appreciate some tax knowledge… not necessarily advice
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Correct me if I am wrong but as long as you are not selling your shares, there is no tax impact? And selling your Monzo shares is hard, as we all know…
Not now, but if there’s an IPO, people will want to sell.
If the company is acquired then all of our shares are sold at a price and date agreed by bigger investors. Tax event for you and I takes place as a result. Worth looking into our options before that happens.
Just one example… if you are married and you have a lot of shares in your own name, you could transfer half to your spouse and your capital gains tax liability would be reduced. You cannot think about doing that after the company has been acquired.
If its an IPO then great, no taxable events unless we choose to sell. And if we choose to sell it can be within cgt allowances. 
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*doing your bit by paying tax is a headache now.
Likleyhood is if you have more than 16k in the bank earning 5% then you need to be registered for self assessment anyway…
lol
I do have and asked HMRC if I need to be on self-assessment and they said no.
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Then they arent following their own guidelines!
Retain the proof they said no!
Unfortunately it was just over the phone. They said that the interest earned will be reported to them by the financial institutions involved, anyway.
Don’t you have to earn over £10,000 annually in interest to need a tax return?
It depends on your situation.
You pay tax on any interest over your allowance at your usual rate of Income Tax.
If you’re employed or get a pension, HMRC will change your tax code so you pay the tax automatically. To decide your tax code, HMRC will estimate how much interest you’ll get in the current year by looking at how much you got the previous year.
If you complete a Self Assessment tax return, report any interest earned on savings there.
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I am very surprised that I have not shared my wisdom on this thread. The IPO will be in 2025 at a valuation of no less than $10 billion.
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I am surprised too. When will you be sharing some wisdom?
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Any Companies House nerds any thoughts on what this statement refers to?
| Date | Form | Description |
|---|---|---|
| 14 Feb 2024 | CS01 | Confirmation statement made on 31 January 2024 with updates |
Nothing specific or detailed? Can these forms be inspected?
It could be to do with the funding that they have been negotiating since October
It’s just a yearly update which includes things like share distribution (as far as I know). Here’s last years for example: really long s3 link
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What’s a share price at that figure? £40 or so?
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