by James Hellyer | Jan 2, 2024 | Corporation Tax, Income Tax
HM Revenue & Customs (HMRC have one clear objective, to recover past government expenditure and then recycle the cash collected to repay government borrowing and release funds for future expenditure. To do this, HMRC are obliged to assess taxes by adopting the...
by James Hellyer | Dec 18, 2023 | Income Tax
HMRC have announced that they will be focussing the use of its Self-Assessment helpline on priority queries from 11 December 2023 to 31 January 2024. Taxpayers calling with queries that can be quickly and easily resolved online will be directed to HMRC’s online...
by James Hellyer | Dec 11, 2023 | Income Tax
Call queues are becoming a unwelcome feature of communicating with HMRC. In a recent post on the GOV.UK newsfeed a new strategy is emerging. As you would expect, it steers taxpayers towards their online accounts or other information posted online by HMRC. We may be...
by James Hellyer | Nov 23, 2023 | Budget, Capital allowances, Income Tax, National Insurance, personal finance
The Chancellor of the Exchequer has delivered his Autumn Statement 2023 to Parliament. The Treasury news story ‘Chancellor backs business and rewards workers to get Britain growing’ provides a summary of the key points arising in the Autumn Statement, which includes...
by James Hellyer | Nov 13, 2023 | Income Tax
An unlikely organisation is promoting a way for its members to benefit from a claim for the Marriage Tax Allowance. For relevant couples, this can be worth £252 a year. Charlie Bethel, Chief Officer, UK Men’s Sheds, said: “If you have retired and your partner is still...
by James Hellyer | Oct 16, 2023 | Income Tax
If you have ever stopped to ask yourself, why does the tax year start on April 6, you are definitely not alone. The idea that the tax year doesn’t begin until we are a quarter of the way into the year is a somewhat perplexing concept for many. Accountants and...
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