The Lodestar Blog
Tax tips, business news, Lodestar expert insight
Tax Roundup Spring 2023
Tax Administration & Maintenance Day April 27th saw the second Tax Administration and Maintenance Day when HMRC announced a package of policy proposals to modernise the tax system. HMRC are consulting on a range of reforms including cryptoassets, construction...
Digital Tax Account – Have You Got Yours!
Following the surprise news on Thursday that HMRC are closing the Self Assessment helpline from 12th June over the summer months it is more important than ever to have your Digital Tax account active as it will be the only way to access your tax records. Read HMRC’s...
Window To Top Up National Insurance Contributions Ends 31st July 2023
It is normally possible to make voluntary National insurance contributions for the past six tax years, to top up any missing or partial years of a taxpayer’s NI record. If a taxpayer does not have enough full years of NI contributions, this may increase their...
PAYE Settlement Agreements (PSA)
HMRC have announced a new online service for applying for, submitting, amending or cancelling a PSA. But what is a PSA and what is it used for? A PAYE Settlement Agreement (PSA) is an agreement between an employer and HMRC that allows an employer to settle the tax...
Spring Statement 2023
In case you missed the Spring Statement last week here's a roundup of the headlines and a few snippets that slipped under the radar: Headlines The OBR has forecast that Inflation is set to fall to 2.9% by the end of 2023. UK expected to avoid recession The energy...
Spring Statement 2022
Did you listen to the Spring Statement 2022 on Wednesday 23rd March? Fear not, we’ve summarised the key points below! Fuel Duty Cut A 5p cut in fuel duty from 6pm on Weds 23rd March was announced. Critics say that the Chancellor could have gone further with this cut...