| 24-05-2023
Each month, the Office for National Statistics (ONS) publishesāÆĀ theĀ latest annual inflation rate, which measures the change in the price of regularly purchased items (known as the basket of goods and services) compared with the same time the previous year.
| 17-05-2023
Mental Health Awareness Week is an annual event where the whole of the UK comes together to focus on achieving good mental health. The week aims to tackle stigma and enable people to understand and prioritise mental health. This yearās Mental Health Awareness Week takes place from 15 May to
| 17-05-2023
From Monday 15 May 2023, unless you are already using Making Tax Digital (MTD) compatible software, you will no longer be able to use your existing VAT online account to file manual VAT returns. That is because by law, all VAT-registered businesses must now use Making Tax Digital (MTD) compatible
| 15-05-2023
The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were earning a yearly income in excess of Ā£50,000.Ā Ā
| 15-05-2023
Residential landlords are the latest group to have been targeted in receiving ānudgeā letters from HM Revenue & Customs (HMRC).Ā Ā Ā The letters are part of a targeted ānudgeā campaign from HMRC to remind landlords of their obligation to declare their full rental income.āÆĀ
| 15-05-2023
The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent.Ā Ā Since its introduction, millions of families around the UK have benefitted from its ability to minimise Inheritance Tax (IHT) bills.Ā
| 15-05-2023
Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag.āÆāÆĀ Fiscal drag is the phenomenon where taxpayers are pushed into higher tax brackets due to wage increases as they keep pace with inflation.Ā Ā With the UK Government freezing most
| 15-05-2023
The way in which Student Loans are repaid is changing and employers need to be prepared.Ā Currently, graduates and students who have taken out student loans are required to repay their loan when they earn an annual salary of Ā£27,295 or more, with repayments at a rate of nine per
| 15-05-2023
Self-Assessment customers, who are starting to think about their annual tax returns for the 2022 to 2023 tax year, should guard against being targeted by fraudsters, warns HMRC.
| 15-05-2023
Your employees may be injured at work or they, or your former employees, may become ill as a result of their work while in your employment. They might try to claim compensation from you if they believe you are responsible.
| 15-05-2023
The UK employment rate was estimated at 75.8% in December 2022 to February 2023, 0.2 percentage points higher than September to November 2022. The increase in employment over the latest three-month period was driven by part-time employees and self-employed workers.
| 03-05-2023
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Governmentās plan for growth with changes to business tax legislation, a key policy being āfull expensingā.
| 03-05-2023
Expanding your property portfolio can help increase your financial security ā but is now a good time to buy to let? As house prices start to fall and rents rise across the UK, 2023 may look like a good year to get your foot on the investment property ladder. However,
| 03-05-2023
The Government has introduced a new bill to modernise business rates across the country. Following feedback from businesses calling for a fairer system, the new Non-Domestic Rating Bill, announced on 29 March, will support businesses by incentivising property investment and introducing more frequent valuations.
| 03-05-2023
HMRC has released guidance clarifying how it will phase in the abolition of the lifetime allowance (LTA) for pensions. As announced by Chancellor Jeremy Hunt in his Spring Budget 2023, the current Ā£1,073,100 threshold on the LTA ended on 5 April.
| 02-05-2023
Short-term lets are now a significant part of the UKās visitor economy. They provide increased choice and flexibility for tourists and business travellers and those attending major sporting and cultural events.
| 02-05-2023
The armed forces covenant is a pledge that together we acknowledge and understand that those who serve or who have served in the armed forces, and their families, should be treated with fairness and respect in the communities, economy, and society they serve with their lives.
| 02-05-2023
Isolation and loneliness are very prevalent in rural areas where transport and amenities are scarce, so Pub is The Hub is making funding available to pubs prepared to support their local residents.