News

15/03/2024

Spring Budget the political reaction

Addressing the House of Commons, Chancellor Jeremy Hunt used the 2024 Spring Budget to announce a ‘Budget for long-term growth’, announcing an employee national insurance tax cut from 10% to 8% in April; an increase to the High Income Child Benefit Charge from £50,000 to £60,000; and the abolition of the non-dom tax regime, which will be replaced with a fairer system from April 2025

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14/03/2024

Tax cuts will not compensate says IFS

The Institute for Fiscal Studies (IFS) has warned that the tax cuts announced in the 2024 Spring Budget will not compensate for tax rises and price increases.

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14/03/2024

Increase in Landfill Tax rate

The Chancellor’s recent Spring Budget introduced a 21% rise in Landfill Tax rates, with the standard rate set to increase to £126.15 in 2025/26.

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14/03/2024

Pay stagnation for UK workers

The Resolution Foundation has warned that the UK is facing almost 20 years of lost pay growth.

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06/03/2024

Air travel tax could rise

Chancellor Jeremy Hunt could raise revenue on Air Passenger Duty (APD) in the Spring Budget, reports suggest.

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06/03/2024

Marriage Allowance claims

HMRC has revealed that March is the most popular month for Marriage Allowance applications, with almost 70,000 couples applying in the third month of 2023.

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29/02/2024

HMRC guide on MTD for ITSA

HMRC recently published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

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29/02/2024

500 Firms named for underpaying staff

The government recently named and shamed more than 500 UK employers for underpaying their employees.

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29/02/2024

Tax fraud cases fallen by more than half

The number of civil investigations into alleged tax fraud has fallen by more than a half, data has shown.

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