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 1, 2023 | Uncategorised
When travel & subsistence qualifies for tax relief The term ‘travel expenses’ includes the actual costs of travel together with any subsistence expenditure and other associated costs that are incurred in making the journey. Travel in the performance of the... 
by Ruth Clark | Dec 12, 2022 | Uncategorised
The residence nil rate band (RNRB), which is currently £175,000, increases the inheritance tax (IHT) nil-rate band of £325,000 when, in very general terms, the family home is inherited by children, grandchildren or other lineal descendants. Who, what and when? The... 
by Ruth Clark | Sep 23, 2022 | Uncategorised
Taxpayers – Tax Cuts effective from 6th April 23 Income tax Cut the basic rate of income tax to 19% Currently, people in England, Wales, and Northern Ireland pay 20% on any annual earning between £12,571 to £50,270 45% higher rate of income tax abolished One single...