Resources

Tax

UK Tax Rates, Tax Allowances and Tax Bands 2022/23

The UK financial system features a broad range of tax brackets, allowances and earnings thresholds that apply to both private individuals and organisations alike. Businesses in particular need to be continually mindful of what the Government expects of them to ensure that they remain compliant and avoid any enforcement action from HMRC. Without an in-depth […]

Kieran Burge July 13, 2022

News

Autumn Budget 2021 – Key Points Announced by Chancellor

The Chancellor of the Exchequer presented the Government’s Autumn Budget and Spending Review to Parliament on Wednesday 27th October. The Autumn Statement didn’t reveal any radical changes to the UK tax system, nor did it contain the environmental policies that many people had anticipated. However, it did feature amendments to UK taxation laws that have […]

Kieran Burge June 9, 2022

Small Business

ICO Data Protection Fee – Do I Need to Pay?

We often get asked by clients what is the ICO Data Protection Fee and if they must pay. Given the Information Commissioner’s Office (ICO) push to engage all registered companies to comply with the Data Protection Act 2018 and the General Data Protection Regulation (GDPR), it’s an unavoidable issue. In general, any business handling personal […]

Yuko Burge November 3, 2021

Tax

What is Payment on Account? And How Is It Calculated?

Payments on account are advanced payments towards your tax bill. If you’re submitting a self assessment tax return, you’re required to pay some of your estimated tax liability in advance before the end of the next financial year. As a result, you must make two payments on account every year to help prevent you from […]

Kieran Burge August 2, 2021