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Are you missing out on the marriage allowance?

According to HMRC, couples who are married or in civil partnerships could be due a financial boost by sharing unused tax allowances. HMRC has revealed that March is the most popular month for Marriage Allowance (MA) applications, with almost 70,000 couples applying in...

Companies House introduces changes

As we have mentioned in previous posts, Companies House have been tasked with introducing a number of changes introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCT Act), that came into force on Monday 4 March 2024. Changes introduced 4th March...

Impact of the Spring Budget 2024

We all knew that the Chancellor would have restricted options when considering the contents of his recent spring budget announcement on 6 March. But it seems he has the skills after all to “play tennis” with his arms tied behind his back… Would there be a combination...

March 2024 Budget – Key Announcements

With an election looming, Chancellor, Jeremy Hunt, delivered his Spring Budget on 6 March 2024, billing it as a ‘Budget for growth’. As widely predicted there were further changes cuts to National Insurance, taking effect from the 2024/25 tax year. Other headline...

Self-assessment returns for 2023-2024

We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties. However, this post is focussed on processing your returns for 2023-24 and the message is, lets get your...

Timing is everything

In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented - for 2023-24 – before 6 April 2024, the end of the tax year. A similar...

Support for 38,000 pubs

More than 38,000 pubs will benefit from the six-month freeze on alcohol duty from 1 February 2024. According to HM Treasury: The great British pub receives further boost from I February as a six-month alcohol duty freeze to 1 August 2024 takes effect. This tax saving...

Keep an eye on your income for 2023-2024

As you are probably aware the 2023-24 tax year ends on 5 April 2024. Most of the opportunities to arrange your tax affairs in the most advantageous way end and action to reduce your tax payments must be taken before this date. Accordingly, we have less than two months...

Powers of Attorney Act receives Royal Assent

Reforms to simplify and streamline lasting powers of attorney are given Royal Assent. These legal agreements enable a person to grant decision making powers about their care, treatment or financial affairs to another person if they lose mental capacity. The Powers of...

State pension entitlement if you retire abroad

You can claim State Pension abroad if you have paid enough UK National Insurance contributions to qualify.  To make a claim you must be within four months of your State Pension age. You must choose which country you want your pension to be paid in. You cannot be paid...