by admin | Aug 6, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
The 29 July 2024 saw the Chancellor of the Exchequer , Rachel Reeves announcing the next steps and draft legislation on the new Governments tax commitments ahead of the full Budget, which is now due to be held on 30 October 2024. Below are details of the 2 main...
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 | Feb 7, 2024 | Business, HMRC, Self Employed, Tax
At the start of the year, the press widely reported that people with a ‘side hustle’ selling clothes online could ‘end up paying tax on their earnings’ The reporting of this suggested that there were new tax rules, however, that is not the...
by admin | Nov 27, 2023 | HMRC, Self Employed, Tax
From 6/4/24 NO Class 2 NIC will be payable by the self employed with profits over £6,725 including those with profits over £12,570. Anyone with profits under £6,725 can make voluntary class 2 NIC contributions should they wish to keep a full NIC...
by admin | Jan 5, 2023 | Self Employed, Tax
A reminder that the deadline for submission of self assessment tax returns for the year to 5th of April 2022 is fast approaching To avoid automatic penalties, tax returns must be submitted and the tax liability paid by 31st January 2023
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...
