by admin | Mar 8, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
On 6 March we saw the Chancellor, Jeremy Hunt, deliver the spring budget ahead of the general election. The ‘Budget for Long Term Growth’ announced the economy is turning a corner with inflation expected to fall, lowering taxes, improving public services and seeing...
by admin | Nov 22, 2022 | HMRC, Self Employed, Tax, Tax Planning, The Budget
Last week saw the current Chancellor, Jeremy Hunt, deliver the much-awaited Autumn Statement. There had been significant speculation around the tax rises and spending cuts that this statement would potentially bring, and it is fair to say that there were few surprises...
by admin | Jul 6, 2021 | Business, Tax, Tax Planning
The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and...
by admin | Jun 30, 2020 | Business, Self Employed, Tax, Tax Planning
HMRC have begun to send out statements in advance of the 31st July 2020 payment on account. As part of the Covid-19 assistance to individuals, the government allowed the July payment on account to be deferred until January 2021. If you receive a statement from HMRC,...
by admin | Sep 3, 2018 | Albert's Knowledge Share, Self Employed, Tax, Tax Planning
The Marriage Allowance enables eligible couples to receive a government tax break worth more than £200 each year. But many may be deterred from claiming as they believe they earn too much How does the Marriage Allowance work? The Marriage Allowance for both...
by admin | Jul 25, 2018 | HMRC, Self Employed, Tax, Tax Planning
The second payment on account for the 2017-18 tax year is due to be paid to HMRC by 31 July 2018 – the first payment on account was due by 31 January 2018. You will have a payment on account due if your last tax bill was over £1000 but if you are unsure then please...
