Another million savers to be hit with tax on interest
The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform…
Blog Posts
In The Spotlight – Marianne Evans
Our In the Spotlight series lets you get to know some of our team better. That might be their hobbies, favourite book or what they would take to a desert…
UK inflation falls as economy shrinks in May
The UK’s rate of inflation fell to 7.9% in the year to June while the country’s economy shrank in May, according to the latest Consumer Prices Index (CPI) published by the…
Bank of England raises UK interest rates to 5.25%
The UK’s interest rate has been raised to 5.25% by the Bank of England, as it continues to try and bring inflation under control. The Bank’s Monetary Policy Committee increased the…
HMRC increases late payment interest rate to 7.5%
HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001. The move follows the Bank of England’s June increase in the base…
CMA scheme will force retailers to publish live fuel prices
A new fuel finder scheme to enable drivers access to live fuel prices and revitalise competition in the retail road fuel market, according to the Competition and Markets Authority (CMA)….
Almost a million Child Trust Funds still unclaimed
Almost a million young people have yet to access savings contained in Child Trust Funds (CTFs), according to a report by Parliament’s Public Accounts Committee (PAC). The PAC said over £1.7…
South Yorkshire named as first UK Investment Zone
South Yorkshire has been named as the UK’s first Investment Zone by Chancellor Jeremy Hunt. The status could bring £1.2 billion in funding and see up to 8,000 new jobs…
Tax down on pints but up on wines and spirits in Alcohol Duty overhaul
The largest overhaul of alcohol duty in 140 years sees drinks taxed by strength rather than category from 1 August. It also sees the introduction of Small Producer Relief, which aims to…
HMRC gives £1.8 million a year to charities to help excluded taxpayers
The voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs. Eligible organisations need…
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