Personal Finances - Page 5

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.

In what was a poor year for investors, the fourth quarter saw gains for stock markets led by Asian and European markets. Read more of our investment insights for the last quarter of 2022.

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 Government is reforming income tax basis periods. You need to know if and how this may affect your business?

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.

We are celebrating our payroll team in this newsletter who have gained prestigious industry recognition. We also look at options for company director salaries, HMRC reforms of accounting periods and how you must now submit VAT returns.

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

Against a backdrop of slow global growth, stubbornly high inflation, rising interest rates and growing geo-political tensions, markets continued to perform poorly in Quarter 3.

Following the recent Bank of England interest rate rise, late payment interest rates levied by HMRC have been increased. 

Corryn Wild, a Director at GWA sister company Three Counties has achieved full accreditation status of the Society of Later Life Advisers.

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Note: this article has been superseded since publication