Be prepared to pay more on your late payments after the Bank of England increased the base rate to 3.5 per cent from 3 per cent. The ninth increase of 2022 was deemed necessary to help bring inflation down. The decision has a knock-on effect…
Year: 2022
Get your Self Assessment wrapped up in time for Christmas
Looking forward to that well-earned Christmas break? As you tick off the jobs ahead of the big day, don’t forget to think about your Self Assessment while you’re busy ordering the turkey and putting up the tree. If you complete your tax return ahead of…
No-one is above the law as huge amount saved in fraud initiative
A clampdown on fraudsters and benefits cheats has saved more than £400m of taxpayers’ cash. New figures published by the Cabinet Office have revealed that cutting-edge data matching software has been used to weed out the cheaters. The National Fraud Initiative enables organisations to use…
Struggling with mortgage payments? Talk to your lender
Money-saving expert Martin Lewis has advised those struggling with mortgage payments to speak to their lenders as they announced plans to support customers during the cost-of-living crisis. Rising costs and interest rates across the economy are a major cause of concern for consumers in many…