The threshold at which workers start to pay National Insurance contributions (NICs) will increase to £12,570 this month. This is the largest increase in a basic rate threshold, and it means that workers will be able to earn an extra £2,690 before having to pay NICs.... read more
HMRC has recently updated their Enterprise Investment Scheme (EIS) guidance and Seed EIS rules. The outcomes is that investors will potentially be able to take advantage of a number of generous tax breaks. This is fantastic news for companies who are looking to... read more
HMRC has updated their guidance which sets out the procedure for reporting and repaying overclaimed Self-Employed Income Support Scheme (SEISS) Grants. The Revenue is also reminding sole traders and partners who have received these grants, that there are potential... read more
HMRC customers are often the target of very convincing scams. From emails and letters to texts and phone calls, fraudsters often instil panic into victims who then hand over anything from personal information to money. In a bid to help combat this, the gov.uk website... read more
Businesses are being advised to prepare their payroll for National Insurance changes which are coming into effect from next month. From 6 July 2022, some National Insurance Contribution (NICs) thresholds will increase. The primary threshold for 6 July 2022 to 5 April... read more
The Office of Budget Responsibility has estimated that HMRC inheritance tax takings are set to raise to £37 billion over the next five years. This is a big jump compared to £26.7bn for the previous five years and is said to be driven by inflation and the freezing of... read more
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