Millions receive first energy bill payment

November 24th, 2022

More than 27 million households across Great Britain have been given their first £66 payment towards their energy bills. The Government’s Energy Bills Support Scheme (EBSS) has already handed out £1.8 billion in payments to 9 per cent of eligible households in England, Scotland and Wales in its first month. This is the first payment […]

Minimum wage rise is good news for lowest paid workers

November 22nd, 2022

Low-paid workers were given a welcome boost in Jeremy Hunt’s Autumn Statement with the announcement that the National Living Wage (NLW) would rise by almost 10 per cent. From April 1 2023, the NLW will go up by 92p to £10.42, an increase of 9.7 per cent, to go some way to protecting the poorest […]

Autumn Statement 2022

November 18th, 2022

The new Chancellor of the Exchequer, Jeremy Hunt, has delivered his Autumn Statement to the House of Commons against a backdrop of a worsening cost of living crisis and with confirmation from the Office for Budget Responsibility OBR that the UK has now entered into a recession. The OBR has stated that the economy is […]

Payment plans help rising number of Self Assessment customers

November 16th, 2022

Receiving a big tax bill can be overwhelming and can create an even bigger problem – how to pay it. To help provide a solution and ease the financial burden, HMRC offers the Time to Pay scheme, enabling Self Assessment customers to set up a payment plan to spread the cost. Since 6 April this […]

HMRC brings in profit-assessment change for sole traders and partnerships

November 15th, 2022

Are you a sole trader or partnership? Do you use an accounting date between 6 April and 30 March? If you answered ‘yes’ to both questions, you need to be prepared for a change coming from HMRC in the way it assesses your profits. From 6 April 2024 you will be assessed on your profits […]

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