NEWS
We will keep you up to date with everything you need to know about your finances.
Full expensing: the new corporation tax incentive explained
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. But what did the Chancellor mean by ‘full expensing’, and how does the policy work?
Chancellor removes lifetime pension limit
The pension lifetime allowance (LTA), which limits the amount savers can contribute to their pensions without a tax charge, will be abolished, Chancellor Jeremy Hunt announced in his Spring Budget. Read more here.
Government extends voluntary NI deadline
The Government has extended the voluntary National Insurance deadline by an extra four months, meaning taxpayers now have until 31 July 2023 to make additional payments and help increase their state pension entitlement.
Finance sector increases female representation
The finance sector is making strides in female representation, according to a new report from the Women in Finance charter. The report shows that the proportion of women in senior management roles across charter signatories rose to 35% in 2022.
Investment Zones Explained
In his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. Find out details about what that really means.
Super-deduction replaced by “full expensing”
In his first Spring Budget speech, Chancellor Jeremy Hunt announced a new "full expensing policy" to encourage business investment. Find out more here.
ESG: how green are you?
Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is. In this article, we’ll discuss how to assess your business’s environmental footprint, social impact and governance principles, and explain why running a forward-thinking business is so important.
Tax Card 2023/24
This tax card will provide all the rates and allowances based on the fiscal statement and Budget announcements made by the UK and Northern Ireland, Scottish and Welsh Governments.
Calls for R&D Reforms to be Paused
The Association of Taxation Technicians (ATT) welcomes a report by the House of Lords expressing concern over proposed reforms to the R&D scheme.
Chancellor Outlines Four ‘ES’ for Economic Growth
Speaking at Bloomberg’s European HQ in London on 27 January, Chancellor Jeremy Hunt outlined plans to grow the UK economy and turn the country into “one of the most prosperous countries in Europe”.
Over 300,000 Taxpayers Miss Self-Assessment Deadline
Despite a record 11.7 million people submitting their tax returns on time, over 300,000 taxpayers missed the self-assessment deadline.
Spring Budget: Other Announcements
Find out more about the recently announced Spring Budget and it’s effects on: alcohol and cigarettes, fuel, tax simplification, AI competition and more.
Spring Budget: Business Changes
Find out more about how the recently announced Spring Budget will impact your business.
Spring Budget: Personal Changes
Find out more about the impact of the recently announced Spring Budget on your personal finances here.
Spring Budget: Economic Outlook
In the new Spring Budget, Chancellor Jeremy Hunt made a statement about the economic outlook of the country, find out more about what he said in our article here.
Spring Budget 2023
The Spring Budget was released on the 15th of March 2023 by Chancellor Jeremy Hunt. Read our overview summary of what was said and what that means for you as a business, personally and for the economic outlook of the country.
Bank of England Raises Interest Rate to 4%
The Bank of England (BoE) has raised its interest rate by 0.5% to 4% following a monetary policy committee (MPC) meeting on 2 February.
Tax Relief on Pensions
Tax relief is one of the best features of using a pension to save for retirement.
MTD for ITSA: What You Need to Know
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date.
Research & Development Relief Guidance Under Review
HMRC is inviting people to comment on draft guidance relating to the upcoming R&D tax credit relief reforms.