The march of the higher rate taxpayer
New calculations issued alongside the Spring Budget show just how higher rate taxpaying status is becoming ever more common.
New calculations issued alongside the Spring Budget show just how higher rate taxpaying status is becoming ever more common.
There’s no respite for HMRC with inheritance tax (IHT) accounts, undeclared dividend income and gains from share disposals to scrutinise.
On 6th March, Chancellor of the Exchequer Jeremy Hunt delivered the nation’s Spring Budget.
Companies House is looking to introduce wide-ranging reforms from March 2024. Directors need to get ready for the first tranche of measures.
Making Tax Digital (MTD) for income tax self-assessment (ITSA) will not be extended to those earning under £30,000 at the moment.
November’s Autumn Statement included measures to help alleviate business rates in England and on the Scottish islands, but not Wales.
Minimum wage rates will see increases from 1 April 2024 – welcome news for younger workers and apprentices, but not so much for employers.
National insurance contribution changes for the self-employed announced in the Autumn Statement come in from 6 April 2024.
The Powers of Attorney Act 2023, which received Royal Assent in September, paves the way for LPA registration to be completed online
State pension increases could be outpacing inflation next April, and there’s no guarantee of the Triple Lock surviving the next election.
There are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment.
VAT can be too complex and confusing so it’s no surprise then that more businesses than ever are getting hit with penalties for inaccuracies.