In his Spring Budget speech today the Chancellor managed to find enough wiggle room in the deteriorating economic forecasts to announce a further 2% cut to national insurance as the government gears up for a general election later this year. Mr Hunt was able to scrape together the money to make the national insurance cuts …
BREAKING: VAT, FHL and HICBC targeted in Spring Budget Read More »
Many married couples may not know that they could lower their tax bills thanks to a special tax break introduced by then prime minister David Cameron in 2015. If you are married or in a civil partnership the Married Couple’s Allowance could reduce your annual tax bill by £252. Firstly, here’s an explanation of some …
Marriage Allowance – what is it and how do I claim it? Read More »
Having to pay tax on your hard-earned income is certainly one of the less-welcome aspects of being a self-employed sole trader or freelancer. It’s made slightly more palatable by the fact HMRC allows you to claim a wide range of expenses (hence “allowable expenses”), which reduces your tax bill (often significantly). If you’re a self-employed …
32 things you need to know about claiming expenses Read More »
Following yesterday’s news that inflation had dropped again, to 6.7%, the Bank of England (BoE) finally bucked the trend of increasing interest rates that began in late 2021, by voting to hold the interest rate at its current level of 5.25%. It was a narrow win for the more dovish members of the Monetary Policy …
Interest Rates Finally Stall Following 14 Increases Read More »
Alcoholic drinks will be taxed by strength rather than category from 1 August, following the largest overhaul of alcohol duty in 140 years.
Nearly a million young people have yet to access their savings contained in Child Trust Funds (CTFs), according to the Public Accounts Commi
