Changes to UK tax rates and allowances are about to come into force. Be aware of key changes to the rates and allowances for the new tax year. Download our tax rate guide for up-to-date rates in the UK for the period 2023-2024
Author Archives: Vicki H Foster
Check for gaps in your National Insurance record now to avoid pension shortfall
Update: Deadline for voluntary National Insurance contributions extended to April 2025 to check your National Insurance record to enable you to fill in any gaps in your NI contributions. Anyone with a shortfall in their record has until April 2025 to buy back their missed years to qualify for a full state pension
HMRC warning as late payment interest rates set to rise again
When you have a personal tax liability to HMRC, you are required to pay it by the due date specified by HMRC. If you fail to pay your tax liability on time, HMRC will charge you interest on the amount owed until it is paid
Be Scam Alert: Companies House fake message
A current email purports to be from Companies House. A scam email instructs you to check the information held about your company and says that if you ignore this instruction you may be subject to legal action
HMRC announces further delay to Making Tax Digital for Income Tax Self Assessment – MTD for ITSA
Making Tax Digital for Income Tax Self Assessent update: The UK Government has announced that MTD ITSA has been delayed again (was due to come into play 6 April 2024), is now mandated to start from April 2026
Continue readingJeremy Hunt’s Autumn Statement Deconstructed
UK Chancellor, Jeremy Hunt has delivered his Autumn Statement and stated UK “is now in recession”. The Treasury’s intention is to bring stability, protect growth in the economy and to continue to support public services.
Continue readingJeremy Hunt’s Budget U Turn Update
Liz Truss’ economic agenda has been deconstructed by new chancellor Jeremy Hunt in a bid to bring stability to the financial markets following the market’s reaction caused by the Mini-Budget. Here is our outline of the current position
Continue reading5 Reasons Why You Should Attend a Business or Marketing Conference
It is easy to be reluctant in finding the time to attend a business or marketing conference in person. Running your business takes up time and booking out a day, especially in today’s world dominated by the internet and digital learning, is a hard ask. Discover here why you should find that time and book that conference…
Continue readingLaunching October: Variable direct debit for your PAYE and national insurance liabilities
Functionality to allow employers to set up a recurring direct debit to pay PAYE and national insurance liabilities will launch early in October. HMRC have announced that a variable payment plan for PAYE and NIC liabilities will be available. The existing system allows only a single payment to be made by direct debit.
Continue readingSupporting Our Local Food Bank: Together we can overcome hunger
HB Accountants are proud to support Morrisons Hoddesdon’s Food Drive which is taking place in the carpark at Morrisons in Hoddesdon, Hertfordshire on Saturday 27th August. By supporting your local food bank, together we can overcome hunger.
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