Posts by Paige Collins
The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. For 2021/22, the gap was at an all-time low of 4.8% (or £35.8 billion), although in monetary terms the gap increased by some £7 billion from...
National insurance gap extension
A person can typically fill gaps in their national insurance (NI) record within a six-year...Businesses failing to pay minimum wage
Just over 200 businesses, including some of the country’s best-known retailers, have failed to pay...New PAYE process for HICBC
One of the many criticisms aimed at the High-income Child Benefit Charge (HICBC) is that...
If an English or Welsh domiciled person dies without leaving a Will, the amount that a surviving spouse or civil...
Self-assessment threshold rises from 2023/24 There is a long list of reasons why it is necessary to complete a self-assessment...
Selling power back to the grid With continuing high electricity prices, now could be a very good time to install...
The Ofgem price cap returns From 1 July, the energy price cap set by energy regulator, Ofgem, will fall from...
Self-employed taxed on accounting year profits until 2023/24. Transition to tax year system leads to catch-up tax on over 12 months' profits.
If Jeremy Hunt did produce a ‘rabbit-out-the-hat’ in his Spring Budget, it was the announcement of the effective abolition of...
