2023 Autumn Statement – what do you need to know?

The Autumn Statement 2023, delivered by Chancellor Jeremy Hunt on November 22, outlines significant tax and spending plans set to impact businesses and individuals across the UK. Here are the essential points: Tax Measures: A notable 2% reduction in employees’ National Insurance contributions, effective from January 6, 2024. Self-employed individuals will see Class 2 National…

New Year Tax year, New you?

As we start a new tax year, with the recent tax changes that have come into force from the start of April 2023, many business owners are now looking at their budgets and revisiting their plans to ensure that they are taking proactive action to achieve the best results.   See our blog here for…

Check your National Insurance Record -**Updated**

The payment of National Insurance contributions entitles people to certain state benefits such as the state pension, maternity allowance and bereavement benefits. NICs are payable if you are: aged over 16; an employee earning more than £190 a week (2022/23); self-employed with profits over £6,725 (2022/23). In order to get a full state pension, you…

Houses of Parliament

March 2023 Budget – a brief summary

As expected, the Chancellor, Jeremy Hunt, resisted pressure to reduce taxes in any significant way, and the majority of his announced changes were already in the public domain. According to the Chancellor, the UK economy is on track to grow in the coming year with inflation halving. We have listed any new variations in the…