Posts Tagged Income Tax - Page 2

We have examined the details of Jeremy Hunt's first Spring Budget and hope the following highlights, which we feel will be the most significant, will be helpful.

Wednesday 5 April 2023 sees the end of the current tax year so now is the time to think about how to make the most of the allowances and reliefs available to you.

The Scottish Budget plans for 2023/24 were announced on 15 December and included the freezing of tax thresholds and an increase in income tax.

Chancellor Jeremy Hunt has announced his Autumn Statement outlining measures to address the £55 billion gap in public finances and manage the impending recession. Here are the main points.

The old online Government Gateway Account for the submission of monthly and quarterly VAT returns is closing. Make sure you avoid penalties for non-compliance.

On 17 October the new Chancellor reversed almost all the mini-budget announcements made by Kwasi Kwarteng on 23 September.

Chancellor Kwasi Kwarteng unveiled the government's ‘Growth Plan’ package.
Note: this article has been superseded since publication

Do you think if you file your tax return early you will have to pay your tax earlier too? Thankfully, this is not true. But there are benefits to filing your tax return and completing your accounts early.

With the growth of home working during the COVID pandemic, what you pay in tax could alter if you choose to live and work in different counties. And that includes England and Scotland.

Reactions to the Spring Statement are, as ever, wide ranging. We have highlighted the key points which we feel are the most significant.

1 April 2022 is the date when Making Tax Digital (MTD) becomes mandatory for all VAT registered businesses. Find out what you need to do.

Did you know that you are able to contribute to someone else’s pension? And there may be tax benefits as a result.