How is the National insurance cut calculated?
HMRC has updated the National Insurance (NI) threshold changes from July and launched an online tool to help people better understand how much tax savings the update will save. This policy basically covers most groups, and from July 6, 2022, the threshold will be...
Warning of rising cost of living this autumn
Sources: The Institute for Grocery Delivery (IGD) says prices will rise by 15% as households pay more for staples such as bread, meat, dairy and fruit and vegetables. Not only that, but IGD also warns that people with more vulnerable funds may skip meals. The IGD also...
In July! The government will pay for living expenses for the first time
The UK government has announced that from 14th July 2022, the first instalment of a new cost of living payment will be issued to households receiving income-related benefits, with another payment in the autumn. More than 8 million households in England, Scotland and...
What is Making Tax Digital?
Making Tax Digital, currently underway, is a key part of the government’s plan to make it easier for individuals and businesses to gain tax rights and take control of their taxes. HMRC has also developed a fairly strict fine model to ensure that all companies...
