What is fiscal drag? The Oxford dictionary defines it as: ‘The deflationary effects of a progressive taxation system on a country’s economy. As wages rise, a higher proportion of income is paid in tax’ The recent comments made by the Chancellor in the Autumn Statement, froze most Income Tax allowance and rates at current levels…
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HMRC app is a gift for Christmas workers and employers
This year, 10 of the UK’s largest seasonal employers are expected to hire 234,700 Christmas workers – up 74 per cent on 2021. This growth is largely being driven by the likes of Amazon but businesses of all shapes and sizes throughout the land are currently advertising for extra help to cover the busy festive…
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