Accounting News And Articles

Chancellor Jeremy Hunt announced his Spring Budget in parliament yesterday, bringing us eagerly awaited tax cuts and increased allowances. In this blog post we are dissecting the highlights and implications of his decisions, and letting you know how all of this affects you! National Insurance The first major change made to National Insurance is the rate for employees (class 1) will be decreasing from 10% to 8% from April. This is expected to save workers on an average salary

Today (22nd November 2023) we have heard the Chancellor Jeremy Hunts's Autumn Budget. There was a lot that was announced in this and below are a few key points we feel you will want to know about. National Minimum Wage The National Minimum Wage (NMW) has been increased for all, with the most notable increase being to the National Living Wage (NLW). To start with, the NLW has increased by more than a pound to £11.44 per hour from April 2024. The current NLW is £10.42. Curre

Today Chancellor Rishi Sunak announced the Government's 2022 Spring Budget, which included various things that will affect businesses and...

Yesterday the Chancellor took to the house of commons to announce the Autumn Budget where he announced a significant increase in spending...

It has been announced today (23/09/2021) that the planned rollout of MTD for Income Tax and Self-Assessment in April 2023 has been...

It has today been announced by the Prime Minister that National Insurance is going to rise by 1.25% which will take effect in April 2022....