Budget 2024 Key measures at a glance
Following Jeremy Hunt’s budget earlier today we have summarised below the key tax changes and announcements he has made: Our full detailed guide on the Budget and our Tax Tables…
Tax
Only a third of UK adults confident with self assessment
Just 35% of UK adults are confident they could complete the self assessment tax return form correctly, according to research by Standard Life. Three in ten UK adults admit they…
HMRC sends warning to cryptoasset users
As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return for the 2022/23 tax year to avoid…
Government borrowing falls as Chancellor hints at tax cuts in Spring Budget
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget. The Office for…
Tax cuts may have to be scrapped due to ‘economic bind’, warns IFS
Tax cut promises may need to be scrapped as a result of the UK being in an ‘unfortunate economic and fiscal bind’, the Institute for Fiscal Studies (IFS) has warned. The next…
Spring Budget 2024 date confirmed for 6 March
Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March, the government has confirmed. The Budget will include the government’s tax and spending plans as well as new…
Tax Return deadline is fast approaching!
The deadline for filing your 2023 Self Assessment Tax Return online and to pay any tax you owe is 31 January 2024, which will soon be here! Why not take…
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 December 2023. The guidance states: ‘you can use the previous rates for up to one month from…
HMRC is ‘Making Tax Difficult’ with MTD programme
HMRC is ‘Making Tax Difficult’ for taxpayers as Making Tax Digital (MTD) adds to the burdens they face, according to a report by the Public Accounts Committee (PAC). The report…
Autumn Statement cuts won’t stop tax revenues rising to highest ever levels
The tax cuts announced in the 2023 Autumn Statement won’t prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned. The IFS stated…
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