The new tax year has begun; this means we can now submit your tax return for the year ending 5 April 2023. The final deadline may seem a way off, but submitting as early as possible is always preferable, so you are aware of any tax liabilities in good time. Here’s a checklist of things you may wish to consider.
After April 5 2025, you’ll only be able to fill National Insurance gaps going back 6 tax years, so if you have many years missing on your record, you should start considering what you can do about this.
For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.
What’s in it and how might it affect you? On the 17th of November 2022, Jeremy Hunt revealed the details of his Autumn Statement.
Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF) account. This
Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension.
Employers use an employee’s National Insurance category letter when they run payroll to work out how much they both need to contribute. Most employees
Have you ever been pushed into buying something that you really didn’t want? Most of us have. Maybe it was a salesperson over the
New health and social care Levy to be introduced across the UK to provide extra cash to reform the Health and Social care systems
As the result of recent increases in petrol and diesel prices, HMRC has increased the advisory fuel rates that apply for the reimbursement of
What is cross-selling One of the easiest and best ways to increase your business’s revenue and profitability is by cross-selling more services to your
Most gifts made during a person’s lifetime are not subject to Inheritance Tax at the time of the gift. There’s usually no Inheritance Tax
There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as private
A thought-provoking question that has been asked by one of our readers is whether professional gambling is a trade or not. The answer to this question might surprise you. According to HMRC and reinforced by a number of court cases is the answer that
6th April marks the start of the new tax year for us in the UK. But have you ever wondered why we picked such
