Income Tax Thresholds Frozen until 2028

Income Tax Thresholds Frozen until 2028

by | May 23, 2023 | Accounting, BLOG, HMRC, Tax

Since the release of the Spring Budget 2023, there has been extensive online discussion about the stealth tax increases resulting from the tax threshold freeze. Concerns have been raised regarding the rise in minimum wage standards coupled with the freeze in tax...
8 Fun Facts about VAT in the UK

8 Fun Facts about VAT in the UK

by | May 12, 2023 | Accounting, BLOG, VAT

If you’re running your own business in the UK, it’s essential to have knowledge of Value Added Tax (VAT). Just this year, VAT in the UK celebrated its 50th birthday. You might want to take a different perspective to understand VAT, as there are some...
Is the UK interest rate about to rise?

Is the UK interest rate about to rise?

by | May 10, 2023 | Accounting, BLOG

Recently, there have been reports that the Bank of England will continue to raise interest rates to 4.5% in order to control inflation. Interest rates play a crucial role in the functioning of any economy, and the United Kingdom is no exception. However, high interest...