The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced to 4.25%. In announcing...
Welcome to the February 2025 edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. February 2025 THERE’S STILL TIME FOR SOME YEAR END TAX PLANNING! With the tax/financial year end...
The self-assessment tax return deadline has just passed, and many business owners may have found themselves scrambling to gather documents, verify figures, and submit their returns on time. If this sounds familiar, you’re not alone. According to HM Revenue and Customs...
The Public Accounts Committee (PAC) has once again raised concerns about HM Revenue & Customs’ (HMRC) phone service, highlighting ongoing issues that have left taxpayers frustrated. According to a recent report, nearly 44,000 customers were cut off without warning...
The countdown has begun! The deadline for submitting your 2023/24 self-assessment tax return is fast approaching, with 31 January 2025 as the final date to file. Missing this critical deadline could result in penalties and interest charges on any overdue tax payments....
As the UK tax year-end approaches on 5 April, now is the perfect time to review your finances and take advantage of tax planning opportunities. Whether you’re self-employed or running a business, proactive tax planning can help you: Reduce tax liabilities Boost cash...