High Income Child Benefit Charge (HICBC) took effect from January 2013 and I have always thought of it as a nasty tax. Imagine the scenario; you are doing well in your job, have a couple of kids and...

Posted 07/04/2024

Over the last year or so interest rates on savings accounts have risen from their pitiful rates, which were often a fraction of 1%, and rates of 4% to 5% are now available on instant access savings....

Posted 13/09/2023

New rules for late submission of VAT returns and late payment took effect on 1 January 2023, but if your business is compliant, as most of our clients are, you will not need to know about this because...

Posted 11/04/2023

Another substantial increase in the National Minimum Wage (NMW) takes effect on 1 April 2023 with the main rate for employees aged 23 and over increasing from £9.50 an hour to £10.42 an...

Posted 10/03/2023

I suspect that many people and businesses are going to struggle to pay their tax on time in the next few months but, believe it or not, HMRC are willing to help through their Payment Support Service....

Posted 10/11/2022