As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252…
Personal Tax
How the personal allowance works
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
How a ‘fiscal event’ differs from a Budget
A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis.
Interest rate hike puts pressure on taxpayers behind on payments
In light of the recent increase in the Bank of England’s base rate, HM Revenue & Customs (HMRC) has announced a rise in interest on both late paid tax and…
First cost of living payment received by millions
Payments to support those struggling with the cost of living are starting to be paid into eight million people’s accounts from today.
Pay boost for millions as National Insurance threshold rises
Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April.
Should you buy an electric company car?
With the price of fuel continually rising, along with the sale of new petrol and diesel cars ending in 2030, the popularity of electric cars is rocketing.
Tax planning for 2022 – what you need to know
No one wants to pay more tax than they are required to and yet every year hundreds of thousands of taxpayers miss out on opportunities to reduce their tax bill.
HMRC scam calls have decreased by 97 per cent
Scammers posing as HM Revenues and Customs (HMRC) were rife in March 2021, with a staggering 79,477 calls reported.
COVID-19 – HMRC relax inheritance tax process
HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.