STUDENT LOANS AND BASIS PERIOD REFORM New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis…
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As the end of the 2023/24 tax year approaches, you may already be looking for ways to maximise your tax efficiency before the 5th of April 2024. There are many…
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On the 6th of March, all eyes were on the Chancellor, Jeremy Hunt, as he unveiled the much-anticipated Spring Budget, outlining the government's fiscal plans and economic policies for the…
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With the next General Election expected to be held in the autumn, the spring budget (Wednesday 6th March) is likely to be the final major fiscal event of this current…
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The Basis Period Reform comes into effect in the new tax year (from 6 April 2024), with the 2023/2024 tax year being a ‘transitional year’. This means that you may…
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Chancellor Jeremy Hunt has hinted that we could see further tax cuts being announced during the Spring Budget on 6 March. Whilst speaking at the World Economic Forum in Switzerland,…
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The annual rate of inflation peaked at a 41-year high of 11.1% back in October 2022 in the aftermath of the pandemic and soaring energy prices. Since then the rate…
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This year the Individual Savings Account (ISA), designed to help you save money by protecting it from Income Tax and CGT, will be celebrating its 25th birthday. During November’s Autumn…
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Perhaps one of the most unexpected announcements made by the chancellor during the Autumn Statement was the confirmation that the government would honour its ‘triple lock’ state pension commitment, despite…
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During the 2023 Autumn Statement, Chancellor Jeremy Hunt announced that the National Living Wage would increase from April 2024. This increase will affect nearly 3 million workers, who will receive…
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