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Posts by Paige Collins

The annual inflation puzzle of 2022

Annual inflation in 2022 was 10.5%, but not all components rose by double digits.  Source: ONS. Annual inflation, as measured by the Consumer Prices Index (CPI), was 10.5% in 2022 against 5.4% in 2021. The official CPI calculator, the Office for National Statistics (ONS), says that the last time inflation...

21st Century Revenue – the HMRC app and new texting service

HMRC launched its app a year ago, and it is gaining popularity for paying self-assessment...

Tax warnings for online sellers, influencers, and content creators

HMRC’s latest wave of ‘nudge letters’ – used to prompt a response from the recipient...

New energy bill support scheme for businesses

A new business energy support scheme is set to run from 1 April 2023 to...

Profit withdrawal changes for 2023/24

Profit withdrawal has historically benefited owner-managers by way of dividends rather than taking director’s remuneration, due to the national insurance...
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Spring Budget Statement 2023

Spring Budget Summary 2023: key points at a glance, what it means for you, your family, your business, and the economy.
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Tax implications for the bank of mum and dad

With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder....
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Company car: not-so-free fuel

If your employer pays for the fuel in the company car, it may cost you more than you expected. As...
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Making Tax Digital delayed again

With the self-employed and landlords facing a challenging economic environment, the government has again delayed the introduction of the Making...
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Fiscal drag and the effects on your tax position

Taxpayers are feeling the effects of fiscal drag as the government keeps income tax and other thresholds like IHT frozen
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