Chancellor unveils new growth plan, tackling energy costs to bring down inflation, backing business and helping households. Corporation tax rise cancelled, keeping it at 19% as government sets sights on 2.5% trend rate of growth. Basic rate of income tax…
Mini budget – key points
Variable direct debit for PAYE
HM Revenue & Customs (HMRC) have announced that from 3 October 2022 employers’ PAYE customers will be able to take advantage of a new variable rate direct debit payment plan. The service can be accessed through Pay employers’ PAYE or directly through the…
Self-employed need to plan for big tax bills in 2023/24
The changes to the basis of assessment of self-employed profits are scheduled to change from 6 April 2024. The new rules mean that profits (and losses) will be assessed based on the amounts arising between 6 April and 5 April…
Proposed changes to CGT for separating couples
In response to a recommendation by the Office of Tax Simplification the Government have introduced draft legislation for inclusion in Finance Bill 2023 that extends the no gain/no loss rule when a couple separate. Under the current rules the no…
