by | Jul 21, 2022 | General
In the Spring Statement earlier this year, the then Chancellor, Rishi Sunak, announced an NIC tax-cut to take effect from 6 July 2022. This change sees the National Insurance threshold increased from £9,880 to £12,570. This increase means that the Primary...
by | Jul 14, 2022 | General
Last week saw the resignation of the previous Chancellor Rishi Sunak from the Government. The previous Chancellor said he could no longer continue in his role in good conscience. The Prime Minister almost immediately sought to fill this role and appointed Nadhim...
by | Jul 14, 2022 | General
The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022. This means that if you have any old £20 or £50 notes you should use them or deposit them at your bank or Post Office by the end...
by | Jun 30, 2022 | General
The Office of Tax Simplification (OTS) is a well-known organisation that provides independent advice to the government on simplifying the UK tax system. The OTS has issued a press release to warn of a potential new tax scam that is using the OTS logo. The...
by | Jun 30, 2022 | General
HMRC has launched a new consultation seeking views on proposed measures to address consumer protection issues for people who claim tax refunds through repayment agents. The 12-week consultation period started on 22 June and will end on 14 September 2022. HMRC is...
by | Jun 30, 2022 | General
HMRC has published their latest statistics on Child Trust Funds which reveal that whilst 320,000 accounts have now matured, 175,000 funds that have matured remain unclaimed. If you turned 18 on or after 1 September 2020 there may be cash waiting for you in a...
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