HMRC Helpline U-Turn

HMRC make U-Turn on proposed helpline cuts less than 24 hours after announcement made. Tuesday 19 March HMRC announced decision to make changes to the Self-Assessment, VAT and PAYE Helplines. This included a 6-month Self-Assessment helpline closure from April 2024 to September 2024. Wednesday 20 March this announcement was reversed with any guidance published by …

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Autumn Statement 2023 – Key Points

The Autumn Statement 2023 - Key Points

The Chancellor Jeremy Hunt delivered the Autumn Statement 2023 at 12.30pm today.  In his statement, the Chancellor stated that following a global crisis he has made difficult decisions to get the UK economy back on track.  He advised that this was an Autumn Statement for growth and to reward hard work.  A total of 110 …

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Spring Budget 2023 – Key Points

Spring Budget 2023

Jeremy Hunt delivered his first Spring Budget 2023 as Chancellor at 12.30pm today.  In his statement, the Chancellor stated that the Office for Budget Responsibility have declared that the UK will not now enter ‘technical recession’ this year as was forecasted and his speech was centered around his so called ‘four pillars of strategy’ to …

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National Insurance Record

HMRC have extended the deadline for making voluntary National Insurance contributions (which can date back to 6 April 2006), to 31 July 2023. What is National Insurance? National Insurance is a tax paid by individuals who are employed or self-employed, based on how much they earn then determines how much National Insurance is contributed from …

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Reversals to the Mini Budget

Newly appointed Chancellor, Jeremy Hunt has today announced (Monday 17 October 2022), in what is being hailed as the biggest U-turn in British economic history, almost all measures set out by ex Chancellor Kwasi Kwarteng in his Mini Budget late-September, have been reversed. Hunt vowed, “there will be more difficult decisions” on tax and spending …

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Corporation Tax U-turn

Prime Minister Liz Truss has made yet another U-turn in the not so ‘Mini Budget’, this time to Corporation Tax which now, ex chancellor Kwasi Kwarteng, announced back in late-September. Corporation Tax was due to rise from 19% to 25% in April 2023, but was reversed in a dash to ”ignite growth”. Truss has announced …

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