Oct 11, 2023 | Government Announcements
Almost 250,000 self-assessment customers filed their 2022/23 tax return during the first week of the tax year, HMRC has revealed. The number of people choosing to file in the first week of the new tax year has increased by 100,000 customers since 2018. The data also...
Oct 3, 2023 | Government Announcements
The national living wage (NLW) is set to increase to at least £11 an hour from next April, Chancellor Jeremy Hunt has confirmed. In a Conservative Party Conference speech, Hunt said the move would benefit two million of the lowest-paid workers. Based on the Low Pay...
Sep 29, 2023 | Government Announcements
HMRC has written to agents to inform them of upcoming changes to the Agent Dedicated Line (ADL). From 2 October 2023, HMRC will remove its current 10-minute call-answering target for the ADL, meaning that agents should expect waiting times to increase. The tax...
Sep 6, 2023 | Government Announcements
The Chancellor of the Exchequer, Jeremy Hunt, has announced that he will present the Autumn Statement 2023 to Parliament on 22 November. Hunt will use the Statement to set out future tax plans and departmental spending plans, although he may feel constrained in his...
Aug 4, 2023 | Government Announcements
Trapped between high inflation and an economy on the brink of recession, the Bank of England (BoE) has once again increased the UK interest rate, taking the figure to 5.25%. The Bank's Monetary Policy Committee (MPC) voted on the 0.25% increase with a vote split. Two...
