Nov 4, 2022 | Current AffairsGovernment Announcements
The Bank of England (BoE) has raised the base interest rate from 2.25% to 3% in a bid to curb inflation. The 0.75 percentage point rise is the largest hike since 1989, and the eighth consecutive increase since December 2021. Updated projections from the Bank's...
Nov 3, 2022 | Business TaxGovernment AnnouncementsPersonal Tax
HMRC is reminding taxpayers to declare their self-employed income support scheme (SEISS) payments in their self-assessment return for the 2021/22 tax year. The Government paid SEISS grants to eligible businesses adversely affected by the Covid-19 pandemic. Over 2.9...
Oct 27, 2022 | Government Announcements
The medium-term fiscal plan has been delayed by more than two weeks, says Chancellor of the Exchequer, Jeremy Hunt. Instead of delivering his economic plan on 31 October, the Chancellor will now reveal an upgraded Autumn Statement on 17 November. The statement will be...
Oct 24, 2022 | Government Announcements
Total tax receipts hit £368.9 billion in April to September 2022 - £35 billion higher than the same period last year. Receipts for income tax, capital gains tax and National Insurance contributions (NICs) soared to £204.6bn in the first six months of the year, an...
Oct 19, 2022 | Government Announcements
Prime Minister Liz Truss is no longer committed to defending triple lock pensions, according to a spokesperson from Number 10. The triple lock guarantees that the state pension will rise every year either in line with inflation, average national earnings, or 2.5% -...
