News

You may experience difficulty or severe delays contacting HMRC’s helplines over the next few weeks, with several strikes planned. What are the scheduled dates, and how else might you resolve queries? ********************************* HMRC helplines are already under huge pressure. One …

Rates and Thresholds in 2023/24 The tax year runs from 6th April 2023 to 5th April 2024 and as always there have been some tweaks to the bands and thresholds. What impact will it have on you? National Insurance (NI) …

With only a few days left in the current tax year, as a company directors that’s enough time in which you can improve your income tax efficiency. What steps should you be taking to achieve this? Two-step plan Because of …

The Chancellor, Jeremy Hunt, delivered the UK Spring Statement on 15th March 2023. What do you need to know about the announcements? In short, this year’s budget means that not a lot will change for you, unless you’re a relatively …

Making Tax Digital Update The government has announced a further delay to the introduction of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). Why and what’s the new timeframe? The initial plan Originally MTD ITSA was going to be …

Now much easier to agree Agreeing a time to pay (TTP) arrangement used to involve calling HMRC and convincing the call handler that you were struggling to pay. Agreement was often made grudgingly and callers were made to feel bad, …

On 17th November 2022 the Chancellor, Jeremy Hunt delivered the Autumn Statement on behalf of the Government. What key changes were announced and how will they impact you?   Income tax The Chancellor was quick to point out that there …

HMRC is keen to remind families that they can take advantage of the Tax-Free Childcare initiative to help save money. What does it cover and is it worth it? A press release titled “£2,000 in government funding available to help …

The new chancellor has today scrapped most of the mini-Budget announcements. Have any of the announcements from 23 September survived the latest round of U-turns?   Jeremy Hunt has today announced that the cutting of the basic rate of income …