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Personal Tax
End of tax year payroll procedures
29th Apr 2022 | Posted by:As the 2021/22 tax year has now ended, employers need to carry out the following end of year procedures:
Read MoreFacing Crisis Upon Crisis – a perfect storm?
29th Apr 2022 | Posted by:The International Monetary Fund (IMF) has stated the war in Ukraine will severely set back the world economy and the UK is predicted to have the slowest growth in the G7 and across Europe’s main economies at 1.2% for 2023.
Read MoreHMRC starts chasing up SEISS overpayments
27th Apr 2022 | Posted by:HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.
Read MoreHMRC launches one-stop-shop for tax support
20th Apr 2022 | Posted by:HMRC has launched a one-stop-shop that has compiled together multiple areas of financial support available to taxpayers
Read MoreNearly half unaware about tax free pension contributions
14th Apr 2022 | Posted by:Four in 10 taxpayers do not know that pension contributions automatically receive 25% tax relief despite an annual bill of over £42bn to pay for the tax break
Read MoreHMRC names avoidance scheme promoters for first time
13th Apr 2022 | Posted by:Tax avoidance schemes have been named for the first time by HMRC as users are warned they could face large tax bills.
Read MoreBank of England raises interest rates for third month in a row
18th Mar 2022 | Posted by:The Bank of England has raised interest rates for the third month in a row.
Read MoreHMRC urges caution as fraudsters seek to hijack personal tax accounts
15th Mar 2022 | Posted by:HM Revenue and Customs (HMRC) is warning customers not to share sensitive personal information online to avoid their identities being used to commit tax fraud.
Read MoreUse the Correct National Insurance Letter to pay the correct amount
11th Mar 2022 | Posted by:With the 1.25% increase in National Insurance Contributions (NICs) from 6 April 2022 to help fund health and social care it is important that employers use the letter that is appropriate for that employee.
Read MoreNearly half of tax investigations dropped by HMRC
9th Mar 2022 | Posted by:HMRC investigations into individuals and small businesses last year yielded no returns in 47% of all cases
Read MoreHelp to Buy scheme pays out £674 million to house buyers
1st Mar 2022 | Posted by:The government's Help to Buy scheme has provided £674 million in funding for 604,720 house purchases
Read MoreStudent Loan repayment to start at £25k
28th Feb 2022 | Posted by:The level at which students begin to pay back their loans has been lowered from £27,295 to £25,000
Read MoreHMRC advisory fuel rates for company car users from 1 March (2)
23rd Feb 2022 | Posted by:HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2022
Read MoreMake super deduction permanent to boost investment, says CBI
22nd Feb 2022 | Posted by:Introducing a new permanent investment deduction to succeed the government's super deduction could boost UK business investment by up to £40 billion a year
Read MoreReal wages fall as pay lags behind inflation
18th Feb 2022 | Posted by:Wage growth in the UK struggled to keep up with increasing inflation between October and December 2021
Read MoreAlmost 100,000 customers spread the cost of their tax bill
16th Feb 2022 | Posted by:Almost 100,000 Self Assessment customers have used online payment plans to spread the cost of their tax bill into manageable monthly instalments since April 2021
Read MoreHMRC raises late payment interest rate to 3%
10th Feb 2022 | Posted by:Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February
Read MoreMPs call for road pricing to replace motoring taxes
8th Feb 2022 | Posted by:The ban on the sale of new diesel and petrol vehicles by 2030 will create huge pressure on the government to come up with an alternative to raise billions in tax revenue
Read More£350 government support to help with rising energy bills
3rd Feb 2022 | Posted by:The Chancellor has set out a £9.1bn plan to support individuals with soaring energy costs including a discount on council tax and a loan to cover some of the price rise
Read MorePersonal tax planning ahead of April 2022
1st Feb 2022 | Posted by:Recent changes mean that it will be more important than ever to ensure that you are not paying too much tax
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