The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for the UK, against the challenging background of high inflation, rising costs and the threat of conflict in Europe, he announced a raft of new measures. So, what was in the Spring Statement for your …
National insurance is increasing by 1.25% from 6th April 2022 to 5th April 2023. How much will this cost? Who is affected? What does an employer need to do? What is the impact on your business? What are the changes? In response to the COVID19 pandemic the chancellor announced a temporary increase to National Insurance …
National insurance is increasing by 1.25% from 6th April 2022 to 5th April 2023. How much will this cost? Who is affected? What does an employer need to do? What is the impact on your business? What are the changes? In response to the COVID19 pandemic the chancellor announced a temporary increase to National Insurance …
What is the new penalty regime? With the introduction of ‘Making Tax Digital’ for Self-Assessment Income Tax in April 2023, HMRC are bringing in a points-based penalty system for late payments for VAT and Self-Assessment. This new system is intended to be fairer for those who occasionally miss deadlines, but cracks down on those who are …
In recent years we have all been bombarded with calls about PPI claims, and at present, mis-sold payday loans. If any of your claims have been successful and you have received payment, an element of the money you received would have been interest. This interest will have had tax deducted at source at a rate …
