by MAS | Mar 24, 2026 | Budget, Financial news, HMRC
INCOME TAX Despite the introduction of quarterly reviews of HMRC’s official rate of interest, the rate will be held at 3.75% from 6 April 2026. The official rate of interest (ORI) is used to calculate the income tax charge on the benefit of employment-related...
by MAS | Mar 16, 2026 | Budget, Financial news, HMRC, Pensions
Changes announced in the Autumn Budget 2025 will significantly restrict the ability of non-residents to make voluntary National Insurance (NI) contributions from 6 April 2026. Voluntary NI contributions can currently be used to fill gaps in a client’s NI record,...
by MAS | Mar 21, 2023 | Budget, Business advice, Financial news, HMRC
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget. Below we set out some of the main points. COST OF LIVING SUPPORT Energy Costs The Energy Price Guarantee (EPG) has been extended by 3 months to 30th June 2023, before increasing to £3,000 until the...
by MAS | Nov 18, 2022 | Budget, Business advice, Capital gains tax, Financial news, HMRC, PAYE, Tax
Here are the key points from yesterday’s statement from the Chancellor: The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000. The thresholds on the Income Tax personal allowance, Income Tax higher rate, basic National...
by MAS | Mar 3, 2021 | Budget, Business advice, Corporation Tax, Covid furlough schemes, Covid grants, Covid-19, Financial news, HMRC, NIC, PAYE, Self Assessment, Self employed, Tax
Chancellor Rishi Sunak set out the government’s tax and spending plans for the year ahead. Here is a summary of the main points. Coronavirus support the Coronavirus Job Retention scheme (furlough scheme) will be extended until the end of September 2021....
by MAS | Mar 13, 2020 | Budget, Business advice, Financial news, HMRC
The Chancellor set out a plan to support public services, individuals and businesses that may be affected by COVID-19. For businesses with fewer than 250 employees, the cost of providing 2 weeks of COVID-19 related statutory sick pay per employee will be refunded by...
