In his Spring Budget statement on March 6, 2024, Chancellor Jeremy Hunt outlined significant changes in personal taxation and provided insights into upcoming tax administration measures. Here's a breakdown of the key highlights: Personal Tax Changes: Major personal tax changes…
There’s no such thing as too organised, especially when it comes to your business or personal finances. The start of a new tax year is the perfect time to assess your finances and make sure you are setting yourself up…
The UK government is planning to increase the amount of money that workers can save in their pension funds without having to pay extra taxes. Currently, this amount is £1.07 million over a person's lifetime, but it is expected to…
Unfortunately, fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2021 deadline for submission of Self Assessment returns. In the last year, HMRC has received more than 846,000 reports about suspicious HMRC contact. Here…
It seems the build up to Christmas starts earlier and earlier each year and many teams are now looking forward to getting closer to the festive season, in particular the Christmas party! The perfect chance to celebrate the years achievements…
No one particularly loves the tax season and if you are one of those people who leave completing your self-assessment tax return until the last minute, perhaps it’s time to plan ahead this year! Over the next couple of months,…
IR35 is a tax legislation that is designed to stop tax avoidance by workers, such as contractors, who supply services to their clients through an intermediary. IR35 has been around since 1999 and if you are a genuine contractor or…