What is marriage tax allowance? Marriage tax allowance is a tax break that enables a married person (or someone in a civil partnership) to claim a proportion of their spouse's...
Dividends are a way that a company can distribute its profits. In this article, we explain the dividend tax-free allowance including how to calculate the tax payable. What is a...
The personal savings allowance for a basic rate taxpayer is currently set at £1,000. This means you can earn up to £1,000 per year in interest on your savings without...
The end of the financial tax year is fast approaching (5th April) and time is almost up to complete those tax year sensitive tasks. The end of tax year obviously is...
In the Spring Budget 2024, Jeremy Hunt, the Chancellor of the Exchequer confirmed that the earnings threshold for Child Benefit tax charges will increase from £50,000 to £60,000. He also...
An estimated 27 million people are expected to benefit from the recent cut to class 1 National Insurance, saving the average worker earning £35k around £450 per year. In this...
Whether you resell clothes on Vinted or rent out your spare room on AirBnB, HMRC's new side hustle tax rules could impact you. The gig economy is exploding. HR Magazine...
As of the 6th April 2023 we move into the new 2023/24 tax year. Every year we see changes to thresholds and rates and this tax year is no different....
Kwasi Kwarteng announced a number of tax cuts in his first budget as Chancellor of the Exchequer, in a bid to drive economic growth against the backdrop of the cost...
Even as lockdown restrictions come to an end, many employees are still being forced to work from home due to self-isolation or concerns for their health and safety. The good...
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