Young people reminded to reclaim government savings
Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said. Child Trust Funds are long term, tax-free…
Blog Posts
Government cracks down on late payments
The government has announced a crackdown on late payments to small businesses and the self-employed. Late payments cost SMEs £22,000 a year on average, according to Smart Data Foundry, while…
Budget will be ‘pivotal moment’ for new government
The Autumn Budget will be a ‘pivotal moment’ for the new Labour government as it aims for sustainable economic growth, says the Confederation of British Industry (CBI). In its Budget…
Pre-Budget Discussions and Advice
There is much coverage of the upcoming Autumn Budget on 30 October, the first by the new Labour government and Chancellor Rachel Reeves. If you are looking for what may…
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The August issue has information on various topics, including: Please contact us for help with tax matters. Internet link: Employer Bulletin
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2024. The guidance states: ‘you can use the previous rates for up to one month from…
UK has record number of self-employed workers aged 60 or over
The number of self-employed people aged 60 or over has reached a record level, according to analysis by Rest Less. These numbers have increased by over a third in the…
Freelancers want to see fairer, simpler tax system from Autumn Budget
Freelancers want to see Chancellor Rachel Reeves use the Autumn Budget to move towards a fairer, simpler tax system, according to the Association of Independent Professionals and the Self-Employed (IPSE)….
HMRC late payment interest cut by 0.25%
HMRC has reduced late payment and repayment interest rates following the cut to the base rate. The Bank of England cut the base rate to 5.0% on 1 August, the…
Scrap fuel duty cut, says RAC
The 5p cut in fuel duty to be scrapped in the upcoming Autumn Budget, according to the RAC The motoring organisation says that motorists in the UK are ‘not gaining any…
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