Have you previously cancelled your child benefit entitlement due to the High Income Child Benefit Charge (HICBC)? Recent changes to the threshold and rates may prompt you to reconsider. In the Spring Budget last month, the government acknowledged the current bias...
Earlier this month, Jeremy Hunt delivered the 2024 Spring Budget, based on the Economic and Fiscal outlook provided by the Office for Budget Responsibility (OBR). In front of what can only be described as a raucous audience of MPs, Hunt outlined several policies that...
How prepared are you for tax year-end? With just over two weeks to go until the 2023/24 tax year draws to a close, the clock is ticking to use any remaining allowances before they refresh on 6th April! This Tax Tuesday, we thought it was time to look at some of the...
Download your Spring Budget Summary Report here Yesterday, Chancellor Jeremy Hunt announced his hotly anticipated Spring Budget for long-term growth with a focus on more investment, more jobs, better public services and lower taxes. Download your Spring Budget Summary...
As we progress into the final month of the 2023/24 tax year, we’re prompted to reflect on some of the key tax changes that we have adapted to in the past year. One key change from 1st April 2023 was the new associated company rules. Navigating such a significant...
Are you ready for basis period reform? Under the new rules, from 6 April 2024 all self-employed individuals and partnerships will have to report their business tax information to HMRC on a tax year basis, regardless of their accounting period. First announced in...
