Leaving money in your will to charity

If you leave at least 10% of your estate to charity, the rate of Inheritance tax on the amount chargeable Is reduced […]

Many were expecting an announcement from the Chancellor in the Autumn Statement about cuts to, or the possible abolition of, inheritance tax […]

One tax planning opportunity that many thought the chancellor might restrict was the exemption from inheritance tax for regular gifts out of […]

Normally an individual’s payments into a pension scheme are limited to their relevant earnings in a given tax year. This restriction does […]

The chancellor’s announcement of a 2% cut in national insurance contributions (NICs) for employees applies to payments on or after 6 January […]

The table below sets out the HMRC advisory fuel rates from 1 December 2023. These are the suggested reimbursement rates for employees’ […]

Date What’s Due 1 January Corporation tax for year to 31/3/2023 unless quarterly instalments apply. 19 January PAYE & NIC deductions, and […]

On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions […]

For employees In addition to income tax, all employees earning more than £12,570 a year pay Class 1 NICs. The main rate […]

The government will uprate all working age benefits for 2024/25 by the September 2023 Consumer Price Index (CPI) of 6.7% and will […]