Yesterday, Chancellor Jeremy Hunt presented his Autumn Statement with the underlying message that inflation is falling and public finances are stabilising, so focus is now being applied to reducing debt, cutting tax and rewarding hard work. HEADLINES National...
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...
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...
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...
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...
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...