Mar 4, 2024 | Government Announcements
Jeremy Hunt has announced a £360 million investment in UK manufacturing to drive economic growth, enhance health resilience, and generate employment. Furthermore, there will soon be opportunities for companies to engage in a £520m life sciences manufacturing fund...
Feb 27, 2024 | Government Announcements
HMRC has started a review into the complexity of its enquiry and assessment powers and penalty systems. The aim of the review is to ensure a fairer, more consistent handling of enquiries and to reduce unnecessary costs. Options under consideration include...
Feb 26, 2024 | Government AnnouncementsPersonal Tax
From April 2026, sole traders and landlords face an average setup cost of £350 for the Making Tax Digital for income tax self-assessment (MTD for ITSA) scheme. HMRC projects an annual additional cost of £110 for those earning £30,000 to £50,000 annually. Those with...
Feb 13, 2024 | Current AffairsGovernment Announcements
Chancellor Jeremy Hunt has responded to the latest labour market data from the Office for National Statistics (ONS). The UK's whole economy's total pay growth experienced a slight dip at the end of last year, falling from 6.7% in the three months to November 2023 to...
Feb 7, 2024 | Government Announcements
Starting on 4 February 2024, HMRC is writing to company owners regarding the potential underdeclaration of dividend income. The correspondence is prompted by a decrease in company reserves despite reported profits, hinting at undisclosed dividend payouts. Recipients...
