UK Inflation Hits 41-year High of 11.1%
Inflation in the UK reached 11.1% in the 12 months to October, according to The Consumer Price Index (CPI). This is the highest recorded since 1981, although the government has begun to intervene in the cost of living. Will rising commodity costs and energy prices...
Autumn Statement 2022
The much-anticipated Autumn Statement was finally made on November 17, when the chancellor unveiled plans for the future. As we mentioned earlier in our article about the possibility of the Autumn Statement, taxes are pretty much the topic of focus. In this article...
Beware of Pension Scams
With the rising cost of living, all kinds of scams are rampant. You may not think that fraudsters will attack pensions. Most of them use high-tech means to disguise and spread false information on a large scale. In this article, you will know about common pension...
VAT for Distance Selling
Do online sellers need to register for VAT? Should your business register for VAT when transacting on the Amazon platform? If you're not only selling locally in the UK, what should you be aware of when selling remotely to other countries? When you start trading...
Keep a Budget, Keep Home Buying
If you keep following our articles, you may see news of inflation continuing to rise. Just last week, the Bank of England announced an interest rate hike to 3%, a disaster for most homebuyers with a loan. How to maximize the benefits of your property during tough...
Employing Overseas Workers in the UK
If your business needs to hire overseas employees, you need to know how to formulate a PAYE for them. In addition to this, you may also want to understand how different types of employees should be taxed. In this article, we will interpret the basic tax law for...
Self Assessment Tax Returns
If you are planning to run your own business in the UK or are just starting your own shop, paying tax is unavoidable. Each of your transactions needs to be tax-declared or even VAT to be considered a fully legal business. The Self-Assessment Tax Return is an important...
Inflation Makes a Cup of Tea More Expensive
Earlier in our article we mentioned that inflation is rising at the fastest pace in 40 years. This comes despite last month's government unveiling an energy bill subsidy scheme to protect households from exorbitant energy bills by April next year. As winter...
Things You Need to Know in November
With Christmas and New Year approaching, the atmosphere of winter is getting stronger. More households are likely to choose between food or energy bills. At this time, every step of the tax plan designated by the government and every tax increase has become extremely...
What to Expect in the Autumn Budget ？
In an earlier article we mentioned the mini-budget announced by the former prime minister, and the emergency mini-budget announced by the chancellor turned around. The mid-term budget, originally scheduled to be released on Halloween, has been pushed back to November...
