Inheritance tax (IHT) is one of the most controversial taxes as it reduces the amount of money that can be passed on in the event of death, by as much...
Most people have just one tax code which their employer uses to calculate the tax to be deducted from their pay. However, some people may have more than one tax...
Chancellor of the Exchequer Rachel Reeves announced several changes to inheritance tax during Labour's first Autumn Budget which took place on Wednesday 30th October. As part of the changes, inheritance...
The UK tax system has a range of allowances and rates that apply to individuals and businesses. Understanding these can help you accurately calculate tax liabilities including your net take-home...
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...
Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget to Parliament today, tasked with getting the economy back on track. In this article, we provide a breakdown of the...
The department of His Majesty's Revenue and Customs (HMRC) increased the rate of interest charged on overdue tax payments by 0.5% on 6 January 2023, taking it to 6%, the...
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...
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