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October 7, 2024

Student loan threshold frozen


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The student loan repayment threshold for England and Wales has been frozen at £25,000 until 2027, to the detriment of many new university students this September.

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September 30, 2024

Can you spot a fake HMRC letter?


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Unfortunately, scam warnings have become a regular occurrence. The latest scam highlighted by HMRC is rather ‘old school’, involving letters posted to companies instead of the more usual digital communication.

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September 23, 2024

Dividend allowance cut doubles taxpayers


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With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be double what it was three years ago.

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September 16, 2024

Capital gains tax: a minority sport?


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The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any comment on CGT meant that Rachel Reeves received persistent questions during the election campaign about a possible increase.

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September 9, 2024

HMRC launches VAT registration estimator


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HMRC has launched a new digital tool to help businesses estimate the potential impact of their VAT registration. This will be useful for established business owners and those planning to start a business.

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September 2, 2024

New tax plans target private schools and social care


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In her first detailed tax announcements as Chancellor, Rachel Reeves targeted both those starting off in life and those approaching the end of their lives.

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August 19, 2024

Opening the books – the government’s spending inheritance…


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The date of the next Budget has been announced, accompanied by the new Chancellor’s warning about government finances.

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August 12, 2024

Digital invoicing could prevent invoice fraud


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Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.

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July 29, 2024

Class 4 NIC reductions benefit the self-employed


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Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced in the 2023 Autumn Statement and 2024 March Budget.

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July 22, 2024

From victory to Budget? Labour’s first 100 days


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With a majority of over 200 and a weight of expectations, what happens next for Sir Kier Starmer’s new Labour government?

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July 15, 2024

A warning for iPhone owners


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HMRC is warning iPhone users about a new wave of scam text messages claiming to be about tax refunds.

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July 8, 2024

Not in the NIC of time


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A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments.

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