Apr 4, 2023 | Government Announcements
HMRC has released guidance clarifying how it will phase in the abolition of the lifetime allowance (LTA) for pensions. As announced by Jeremy Hunt in his Spring Budget 2023, the current £1,073,100 cap on the LTA will come to an end on 6 April. However, because the...
Apr 3, 2023 | Government AnnouncementsPAYE and NI
The national living wage is increasing from £9.50 to £10.42 per hour in April - the most significant annual rise since its introduction in 1999. This 9.7% pay rise will affect around 2 million workers aged 23 and over, up from 1.6m in 2022. Employees aged between 21...
Mar 31, 2023 | Government Announcements
The Government has delayed plans to increase the state pension age to 68 following a drop in life expectancy. The state pension age will still rise from 66 to 67 by the end of 2028, but the Government will now conduct another review within two years to reconsider a...
Mar 30, 2023 | Government Announcements
The Government introduced a new bill on Wednesday (29 March) to modernise business rates. Following feedback from businesses calling for a fairer system, the new non-domestic rating bill will support businesses by incentivising property investment and introducing more...
Mar 29, 2023 | Government AnnouncementsPersonal Tax
HMRC is notifying self-assessment taxpayers that they will no longer receive paper returns automatically. Almost 97% of self-assessment customers filed their returns online for the 2023/24 tax year, with just 135,000 people choosing to submit paper returns. In a...
