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Oct 21, 2022
The tax taken highest since 1950 as Hunt reverses mini-budget
Experts predict that taxes will increase to their greatest level since 1950 as a result of the new British Chancellor Jeremy Hunt...


Oct 20, 2022
People plan smaller Christmas as UK inflation rises
As costs rise, many are making plans for smaller Christmas celebrations. A BBC survey found that people are becoming increasingly...


Oct 19, 2022
Fuel-Poverty Aid: Oil-Buyer Program to Assist
In Northern Ireland, half a million houses rely on oil for heating. The majority of its population—68%—lives in rural areas. The...


Oct 19, 2022
A £52b jump in mortgage costs fuels risk for UK lenders
Truss tells MPs she will raise pensions in line with inflation A reduced analyst's rating on numerous institutions foreshadowed an...


Oct 19, 2022
Rising food prices push UK inflation to 10.1%
Price increases return to a 40-year high due to rising bread and meat expenses. In response to the inflation statistics, Chancellor...


Oct 18, 2022
HMRC encourages teenagers to save up to thousands of pounds.
These accounts, which can be accessed once the recipient turns 18 and are often estimated to be valued at roughly £2,100. HMRC is...


Oct 14, 2022
Liz Truss: Corporation Tax U-turn Confirmed
After firing her Chancellor, Liz Truss put forth intentions to rebuild her government and reversed large aspects of the failed...


Oct 14, 2022
UK Gov't Introduces Bill for Trade Document Digitalization
The measure was introduced by the Lord Privy Seal of the House of Lords of the United Kingdom, and ironically, it was "ordered to be...


Oct 14, 2022
UK PM Liz Truss under pressure over tax cuts
Following market instability and to head off an anticipated rebellion within the ruling Conservative Party, the newly elected Liz...


Oct 13, 2022
Government's Fiscal Tightrope: Balancing the Budget Through Cuts
Kwasi Kwarteng will need to find £60bn of savings by 2026 to fill the gap left by unfunded tax cuts


Oct 12, 2022
Government plans cap on renewable energy revenues
A new government plan might limit the earnings of renewable energy generators and nuclear power facilities. The move could reduce the...


Oct 11, 2022
What is IR35 and What are IR35 Rules?
IR35 is a piece of legislation that requires contractors and enterprises to pay the correct amount of tax. So, how do these tax rules...


Oct 11, 2022
New emergency action by the Bank of England to calm the markets
In an effort to reassure investors, the Bank of England issued a fresh emergency action warning of a "material risk" to financial...


Oct 8, 2022
Health and Social care levy on National Insurance and Dividend Tax
How will the governments plans to revert the NI rise and scrap the health and social care levy affect your take home pay?

Oct 7, 2022
OBR Forecasts: £60-£70bn Hole Post Kwarteng’s Mini-Budget
Kwasi Kwarteng has received independent financial projections for the UK that are anticipated to reveal a more than £60 billion gap...


Oct 7, 2022
Mortgage rates rise sharply as the squeeze tightens
According to new data, major mortgage lenders are raising the cost of home loans, with the average two-year fixed rate already...


Oct 6, 2022
Dividend tax - rates and thresholds 2022/23
How much tax will I pay on my dividends? A limited company must pay Corporation Tax on its taxable profits (19% in 2022/23). It does not...


Oct 6, 2022
UK shoppers are expected to spend £4.4bn less this Christmas
According to Retail Economics and retail technology firm Metapack research, nearly 60% of British customers believe they will cut back on...


Oct 4, 2022
Kwasi Kwarteng U-turns on plans to scrap 45p tax rate
The government has reversed course on proposals to eliminate the 45p income tax rate for wealthier incomes. The ideas, which were just...


Oct 1, 2022
Energy Bills are going up from today – here’s what you need to know
How much will my costs rise now that the energy price cap is in effect? The new energy price cap went into effect Wednesday, prompting...
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