Several changes to pension tax were introduced on 6 April 2023. There’s a lot to keep track of! We’ve summarised the key developments here. To see how they affect you,...
Read More
As we start the new tax year, there are some big changes affecting taxpaying individuals. “Most taxpayers are affected by one or several of the changes that are introduced this...
Read More
Jeremy Hunt’s “back to work” Budget included announcements on increasing the annual allowance for pension contributions, abolishing the lifetime allowance for all and a new capital allowance relief, plus forecasts...
Read More
Several payments to employees are set to increase in early April 2023. These changes affect all employers. Does your business have employees? Here’s what you need to know: 3 Rate...
Read More
If you are eligible for a UK state pension, now is the time to check that your national insurance contributions (NI) are up to date. NI contributions are typically paid...
Read More
Cryptocurrency is growing in popularity. Whilst it’s becoming a familiar term, what does it involve and how does it work? A cryptocurrency is a digital currency. It’s an alternative form of...
Read More
2023 has arrived, bringing a new way of penalising late filing and payments of VAT. From 1 January 2023, HMRC is charging interest on all late payments. There is now...
Read More
A Person of Significant Control. This impressive description is how HMRC refers to someone who: directly or indirectly owns more than 25% of the shares in a company; directly or...
Read More
Chancellor Jeremy Hunt announced his Autumn Statement yesterday. It followed warnings that taxes would increase and spending would be cut. The measures taken aimed to tackle soaring inflation (11.1% in...
Read More
Using a private vehicle for business entitles you and or your employees to claim mileage allowance to cover expenses. HMRC’s current mileage allowance rates are: 45p per mile for the...
Read More
