1. Personal Allowance The income tax personal allowance of £12,570 will be frozen until 2028. This will mean that when employees earn more, they will pay more tax and could move to the higher tax band. 2. Reduction in...
Jeremy Hunt unveiled his Autumn Statement on 17th November 2022 in a plan to tackle cost-of-living crisis and to rebuild the economy. Both the National Minimum Wage and National Living Wage rates will be increasing, with the National Minimum...
Making Tax Digital (MTD) is the first phase of the move towards modernising the digital tax service for the 21st century. It is a crucial building block in the governments 10-year strategy, ‘Building a trusted, modern tax administration system’....
Jeremy Hunt, the newly appointed chancellor has dismantled the mini-budget set just a few weeks ago. The mini-budget was only announced on 23 September 2022 but caused financial turmoil in the market. He announced that the government will reverse...
There have been a growing number of fraudsters that are ‘cloning’ official telephone numbers to scam individuals and businesses out of money. The official income tax helpline for HMRC is one of the numbers that have been cloned and...
In a normal year England & Wales normally have 8 bank holidays, however 2022 has been slightly different year. We have had the celebration of the Queens Jubilee and then the Queens state funeral. It has caused some confusion...
In 2003 the government introduced working from home tax relief which allowed anyone working from home to claim back some tax to help cover household costs. The tax relief you were able to claim was £4 a week. During...
So, the Chancellor’s mini budget was announced on 23rd September 2022, but what does it mean for you and your payroll? Income Tax Cut The Chancellor has announced that the income tax of 20% will reduce to 19% from...
Chancellor Rishi Sunak has announced the contents of his Spring Statement today (23rd March 2022). Amongst his statement he announced he would cut fuel duty, raise the threshold at which people start paying National Insurance and also pledged to...
The Statutory Sick Pay Rebate Scheme closes for coronavirus relating to absences after today (17th March 2022). You must submit any claims, including amended claims already submitted, by 24th March 2022 If you or your payroll provider do not...