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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National Minimum Wage from April 2024

The National Minimum Wage is increasing from 1 April 2024, impacting  both employees and businesses. Here’s what you need to know: New Rates 2024/2025 Age Category 2023/2024 Rates 2024/2025 Rates % Increase 23 Years and Above (National Living Wage 23/24) £10.42 N/A 21 Years and Above (National Living Wage 24/25) N/A £11.44 9.80% 21 – …

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Spring Budget 2024 – Key Points

Spring Budget 2024 - The Key Points

Likely to be his last Budget as Chancellor before a General Election, Jeremy Hunt delivered his Spring Budget 2024 speech at 12.30pm today. In his speech, he claimed this was a Budget for long term growth. Download our detailed analysis of the Spring Budget 2024 here: A summary of the key measures announced are as …

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Upcoming Changes to Workers’ Rights: Spring 2024 Update:

Workers Rights Spring 2024

The government made a commitment in 2019 to enhance workers rights and provide better support. The legislation has made significant improvements which will come into place from Spring 2024 to help new parents, unpaid carers and giving all employees better access to flexible workings. We have summarised the changes below. Protection for Expecting and New …

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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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The Chartered Institute of Taxation

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