Month: March 2022

Self-Assessment taxpayers have until 1 April 2022 to pay their tax bill for 2020-21 or set up a payment plan to avoid incurring a penalty. A payment plan, if agreed with HMRC, will allow a taxpayer to spread the cost of their bill into manageable…

We have summarised below the three main sources of government support to assist householders with their energy bills for the coming year. They are: A £200 discount on their energy bill this Autumn for domestic electricity customers in Great Britain. This will be paid back…

The Chancellor, Rishi Sunak, has delivered his Spring Statement to the House of Commons against a backdrop of a growing cost of living crisis. The Chancellor also stressed that, apart from the untold human suffering, the Russian invasion of Ukraine is creating further uncertainty in…

In just over a year’s time, from 1 April 2023, corporation tax rates are increasing. At present, companies pay tax on profits at a single rate of 19%, irrespective of the amounts of profits subject to corporation tax. From 1 April 2023, this elegantly simple…