Apr 15, 2024 | Current Affairs
HMRC has announced that the official rate of interest (ORI) for director's loans will remain at 2.25% for the 2024/25 tax year, despite the base interest rate being considerably higher at 5.25%. This marks the second consecutive year that the ORI has been set at this...
Apr 12, 2024 | Current Affairs
Britain's economy is on the brink of overcoming its recent recession, with February data indicating a 0.1% rise in GDP, aligning with forecasts. This increment sustains the recovery initiated in January, which saw an adjustment in growth figures from 0.2% to 0.3%. The...
Apr 11, 2024 | Current Affairs
From 11 April, UK passport fees are set to increase for the second time in just over a year, with online applications for adult passports rising from £82.50 to £88.50. This 7% increase follows a 9% hike in February 2023, marking a significant rise in costs within a...
Apr 5, 2024 | Current Affairs
Trade groups have warned of potential increases in food prices following the Government's announcement of new post-Brexit import charges on EU food and plant products. These charges, known as the common user charge, will affect small imports of items like sausages,...
Apr 4, 2024 | Current AffairsGovernment Announcements
HMRC has announced that millions of UK families receiving Child Benefit will see their payments increase from 6 April 2024. In a move to support households, the Government has raised the annual entitlement for families with one child to £1,331, marking an increase of...
