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Autumn 2023 Budget – The perfect breakdown

Autumn 2023 Budget – The perfect breakdown

It feels like only a moment has passed since the unveiling of the Spring Budget eight months ago in March. Today, the Chancellor of the Exchequer, Jeremy Hunt, presented the Autumn Budget Statement to the House of Commons, mapping out his economic strategy for the UK....

Advance Valuation Rulings on imported goods

Advance Valuation Rulings on imported goods

Importers of goods to the UK from overseas no longer need a business tax account to get an Advance Valuation Ruling for their goods. The rulings, which last for up to three years, mean traders and agents can act with legal certainty on the value of the goods they are...

Tax advice error could impact your State Pension

Tax advice error could impact your State Pension

Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October 2019. Even though HMRC corrected this advice in...

How to spot tax avoidance schemes

How to spot tax avoidance schemes

Thousands of people found themselves caught up in the IR35 tax avoidance problems, where freelancers who were earning through a limited company set up to deal with their income were deemed – retrospectively – by HMRC to have been involved in tax avoidance. In short,...

Could you have money sitting in lost or forgotten accounts?

Could you have money sitting in lost or forgotten accounts?

The cost-of-living crisis is hitting many of us hard, no matter how well off we might be. But there are many people who have money sitting in lost bank or building society accounts, pensions or investments who could reclaim it to help them meet their financial...

New UK Internal Market Scheme launches

New UK Internal Market Scheme launches

A new UK Internal Market Scheme (UKIMS) has been launched to replace the old UK Trader Scheme, which will enable any registered traders to move ‘not at risk’ of entering the EU goods into Northern Ireland. The legislation, which came into force on September 30, is...

Redundancies expected to rise this year – what you need to know

Redundancies expected to rise this year – what you need to know

The latest official figures show that redundancies are on the rise this year. Expected redundancies are up from 22,525 in June to 23,975 in July, based on the number of HR1 forms filed to HMRC. While this data lags behind real-world figures because of the way it is...

Back to work means it’s time for business development

Back to work means it’s time for business development

For most people the summer holidays will be firmly in the rearview mirror by now and they will be starting to focus on the year ahead. One way to make sure next year will be one to remember is by putting some effort into business development now, so you can start 2024...

ECL now open online for registrations and returns

ECL now open online for registrations and returns

Any regulated businesses that need to sign up for the Economic Crime (Anti-Money Laundering) Levy (ECL) can now both register and make returns via the online service. Registrations and returns cannot be made by tax agents, so every affected business must sign up and...

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