HMRC have just announced that they will raise interest rates on late payments by a further 0.25% from 31 May 2023 to 7%. Repayment rates will also increase to 3.5%
Jeremy Hunt’s first Budget announced on Wednesday 15 March 2023 may have been a bit of a damp squib for small business, but after the chaos of Autumn 2022, for accountants, tax advisors, economists and software companies around the country I suspect there was a huge sigh of relief.
So rather than complain about the lack of anything interesting to talk about, perhaps we should remember that sometimes a little bit of stability goes a long way!
If you were offered interest on your savings at 1168% you’d snap my hand off, wouldn’t you? Even 100% return on investment would be great
I was asked last week for my top tips for anyone who has not yet managed to complete their own self-assessment tax return for the
According to HMRC, while I was entertaining my brother and his family, who arrived with us on Christmas Eve morning and stayed until Boxing Day evening, more than 22,000 tax payers were logging on to the Gov.uk website to complete their 2021-2022 self assessment tax returns
Personal brands becoming increasingly important for all types of businesses and the individuals who run them. Business owners are increasingly curious about what they can
Can a ‘DIY housebuilder’ reclaim VAT spent on materials used to build their home, despite that as individuals they are not VAT registered? The answer
Are you an Amazon seller? If so, it is essential to be aware of the tax implications of your trading activities. In this post, we
The life of a freelancer is non-stop. As well as the usual 9-to-5, you also have to find time to manage everything else. That includes
The Growth Plan 2022 announced by Kwasi Kwarteng this morning went further than anticipated in terms of tax cuts and targeting a growth trend at
Following on from the Bank of England’s latest increase in the base rate to 1.75%, HMRC have confirmed they will raise interest rates on late payments by a further 0.5% from 23 August 2022
As things slowly return to ‘normal’ following the Covid 19 pandemic, HMRC enquiries are on the increase
According to Croner-i, the UK’s leading provider of online information, expert guidance, and tools for professionals, the number of insurance claims have increased by 60% in the last quarter, as HMRC increases enquiry levels into potential tax avoidance.
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