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Our budget calculator website has now received an update for today’s, 20 March 2013, UK Budget. 20 March 2013 – Budget Update Key points to note from today’s announcement are: Tax Free Allowances For People born after 5 April 1948 to be £10,000 from 6 April 2014 – then increasing in line with inflation from [...]
Sunday, March 17, 2013
The 2013 Budget will be delivered by Chancellor George Osborne this Wednesday, but with the political struggle at the moment for moving to cut austerity and stoke growth, what will he do? The Chancellor had always planned to cut spending in order to plug the deficit and reduce borrowing, but must do this whilst creating [...]
Wednesday, December 5, 2012
Well the 2012 Autumn Statement has now been given and we will do a quick shortlist of the important changes for personal tax, business and benefits. Changes which will affect individual pockets People born after 5th April 1948 (Under 65) will have a higher than previous announced tax free personal allowance. The chancellor has announced [...]
Thu, May 30, 2013
The Adam Smith Institute has announced that for 2013, today, May 30th, is “Tax Freedom Day”. The date is calculated by using total tax and national insurance contributions as a percentage of the UK’s net income. This year this figure is 41.5 percent or equivalent to 150 days out of the year. The tax part [...]
Mon, May 13, 2013
I’m sure many small business owners can agree that, when it comes to taxes, it is difficult to know where you stand once you know you are turning a profit. Predicting where you are profit-wise in a small business can leave you confused and with a lot of paperwork and that’s not brilliant – this [...]
Thu, May 2, 2013
Since the launch last month of RTI (Real Time Information), over one million employer PAYE schemes have transitioned from the old annual scheme. Using RTI means these employers will be reporting PAYE for their employees on each pay cycle rather than yearly. HMRC has exceeded their expectations by migrating so many employers across in just [...]
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Wednesday, March 20, 2013
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