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New calculations issued alongside the Spring Budget show just how higher rate taxpaying status is becoming ever more common.

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There’s no respite for HMRC with inheritance tax (IHT) accounts, undeclared dividend income and gains from share disposals to scrutinise.

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With tax bands and other thresholds frozen, taxpayers should be aware of the implications of their income increasing. Increased income can mean more than facing a higher tax bill.

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With vehicle technology improving and more choice, the tax benefits of electric cars and vehicles are increasing for drivers and business owners alike.

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In this blog, we look at HMRC enquiries, how they may affect you and the benefits of having fee protection insurance in place.

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Personal tax planning before the end of the tax year is important to ensure you make the most of tax reliefs and allowances. This blog offers advice on just some of the opportunities you could consider. It contains ideas affecting income and investments.

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Minimum wage rates will see substantial increases from 1 April 2024 – welcome news for younger workers and apprentices, but not so much for those employers struggling in the current economic climate.

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From 2024/25, restrictions to the cash basis will be removed, making it the default method for calculating trading profit for the self-employed and most partnerships.

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National insurance contribution (NIC) changes for the self-employed announced in the Autumn Statement come in from 6 April 2024 and will be welcome news. But the reforms don’t go far enough to offset the continuing cost of frozen tax thresholds.

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The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered.

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There are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment.

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The Bank of England base rate increase is impacting on the government’s tax takes, with more taxpayers paying tax on savings income.