Analysis of the projected outcomes of the government’s tax policies show an expected increase to the number of higher rate personal taxpayers, with the corporate tax yield expected to grow substantially. Income tax The default policy for income tax has generally been to increase thresholds in line with inflation. This is currently not happening, in … More Government’s tax take on growth trajectory

Business owners could seek to earn interest on directors’ loans with little-to-no tax implications, although only patient directors willing to meet the reporting requirements will benefit. … More Potential benefits from directors’ loans

If you are self-employed, the new tax year may be longer than you think. … More 2023/24 – the 23-month tax year?

The second ever Tax Administration and Maintenance Day (Tax Day) took place on 27 April, with the government publishing a range of technical proposals and consultations. … More Second Tax Day brings change and consultation

The government is extending the provision of 30 hours of free childcare for 38 weeks to now include all pre-school children over the age of nine months. … More Childcare support extended to children over nine months

More than 12 million taxpayers file self-assessment tax returns, but less than 3% do so using a paper return. Given this low demand, HMRC is reviewing the current paper filing service. … More Demise of paper tax returns