2023 Autumn Statement Summary
November 28, 2023
The Chancellor of the exchequer delivered the UK Autumn statement on the the 22nd of November. Below is our summary of the key points from
Tax Matters
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More Information from Tax Payers and Advisory Fuel Rates
September 7, 2023
HMRC to require more information from Tax Payers Draft legislation released for consultation on 18 July indicates that business and individual taxpayers will be required
Research and Development Initiatives
September 7, 2023
Merger of R&D Tax Relief schemes to go ahead The government have issued draft legislation for consultation on the proposal to merge the two forms
Children?- Should you set up a Tax-free Childcare Account?
September 7, 2023
Back to School- Set up a tax free Childcare account? The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The
IHT Tax Planning; HMRC Interest Changes
August 27, 2023
Rumours of the abolition of the Inheritance Tax. There are rumours circulating in the press of the possible abolition of inheritance tax (IHT) in a
Planning a Staff Summer Barbeque?
August 27, 2023
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now
Business Taxes
April 9, 2023
National Insurance Contributions (NIC) for the self-employed in 2023/24 Self-employed individuals are required to pay Class 2 and Class 4 NICs if their profits exceed
Income Tax
April 9, 2023
Increasing Liabilities The personal allowance and basic rate band threshold are now frozen in place until 5 April 2028. As earnings increase, individuals will move
Cost of Living Support
April 9, 2023
Image by pch.vector on Freepik On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce
BUDGET SPECIAL EDITION
March 19, 2023
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and
