HM Revenue & Customs (HMRC) has announced that it will be closing its main self-assessment helpline over the summer. This means that taxpayers will not be able to get help over the phone from HMRC staff between 5 July and 3 September 2023. HMRC says that it is closing the helpline in order to redeploy […]
The UK government has extended the deadline for voluntary national insurance contributions (NICs), giving taxpayers more time to fill gaps in their contributions and boost their state pensions. The previous deadline of 5 April 2023 had caused concerns among members of the public, leading to the extension until 31 July 2023. The extension is part
BUDGET SUMMARY: Here are the key points from Chancellor Jeremy Hunt’s 2023 Budget Chancellor Jeremy Hunt presented his inaugural Budget to the House of Commons, with a primary focus on encouraging those who have left their jobs to re-enter the workforce and bolstering business investments. Below are the main highlights of his announcements. FUEL, ALCOHOL,
The UK government has announced that the Mortgage Guarantee Scheme will be extended by an additional year until December 2023. This program, which was launched in April 2021, is designed to help individuals with 5% deposits on a property purchase to enter the housing market. Under the scheme, the government provides lenders with the financial
The Chancellor announced a raft pledges and support for businesses, but there was mixed reaction to the Autumn Budget Several business groups have doubt whether the measures contained within the Budget go far enough for millions of SMEs. Sure at first glance the wide range of spending announcements made sure there was plenty to discuss.
For years businesses on the British high street have been calling for reforms to the business rates system. Hopefully these New Business Rate Reforms will help. The Chancellor finally announced new measures in the Autumn Budget that he claims will reduce the burden of business rates in England by over £7 billion over the next
Tax Planning With the End of the Tax Year in Mind With the end of the 2021/22 tax year coming up, it’s important to ensure that your tax affairs are in order, and you’ve utilised all available allowances and exemptions. Our tax specialist Mateen Imtiaz sets out some of the tax reliefs that you should seek
Investing in cryptocurrencies can be a dangerous business if you do not know what you are doing. It can also be just as risky if you do not includeany tax planning as part of your Will arrangements. Obtaining crypto tax advice should form a crucial part of your strategy. You really must think about making