by Ruth Clark | May 31, 2023 | Tax
The cost-of-living crisis is taking its toll across all areas of our lives now. While inflation has fallen very slightly this month to 8.7%, food prices remain stubbornly high, and the Bank of England (BoE) is expected to continue with its base rate rises until later... 
by Ruth Clark | May 29, 2023 | Uncategorised
The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest on are Late payment interest rate — 7% from 31 May 2023 Repayment interest rate — 3.5% from 31 May 2023 HMRC interest rates are... 
by Ruth Clark | May 24, 2023 | Uncategorised
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more or less tax than you should be, and may need to reclaim that money, or pay more.... 
by Ruth Clark | May 17, 2023 | Uncategorised
Our cars go through MOTs each year once they reach a certain age, but have you ever thought of giving yourself an MOT? The Government is offering a free midlife MOT for those in their 40s, 50s and 60s to help them make the right financial decisions for retirement. The... 
by Ruth Clark | May 15, 2023 | Tax
It’s important to know if you’re a UK resident or not. This may affect: Your UK tax liability Your entitlement to Income Tax allowances and exemptions UK residence – Tax liability When you’re UK resident you’re normally taxed on the arising basis of taxation. This...