by Ruth Clark | Apr 29, 2022 | HMRC
The rates of pay set by the National Living Wage and National Minimum Wage increased on 1 April 2022. Those employers that flout the National Minimum Wage laws risk more than just being forced to repay underpayments. There are significant fines, and HMRC is now...
by Ruth Clark | Apr 26, 2022 | HMRC
Buying a property in need of work is cheaper than buying one where everything has been done. However, the costs involved in renovating or altering a property are likely to be significant. The extent to which any tax relief is available will depend on how the property...
by Ruth Clark | Apr 8, 2022 | HMRC
Around 2.5 million UK workers will receive a pay rise as the National Minimum Wage and National Living Wage increase on 1 April. £1,000 a year pay rise for full-time workers following the largest ever uplift to the National Living Wage for workers aged 23 and over The...
by Ruth Clark | Apr 4, 2022 | BoE
The Bank of England (BoE) base rate rose to 0.75% in March in response to Consumer Prices Index (CPI) inflation rising to 5.5% – almost triple the BoE’s target of 2%. Inflation is set to continue rising throughout the year (see Spring Statement round-up)...
by Ruth Clark | Apr 4, 2022 | Couples Allowance
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it. Go back four years The allowance, which is...