Monthly Archives: January 2023

New energy bills support will give businesses a boost when it is introduced later this year. A new energy scheme for businesses, charities and the public sector has been confirmed ahead of the current scheme ending in March. The new plan will mean all eligible UK businesses and other non-domestic energy users will receive a…

New legislation from HMRC that changes the way repayment agents are paid will better safeguard taxpayers and improve standards in the sector. The way taxpayers who use a repayment agent can receive overpaid tax will be adjusted to protect them and raise standards among repayment agents. Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent…

Prime Minister Rishi Sunak has made his new year pledges, including halving inflation and growing the economy. He listed his five immediate priorities when he gave his first speech of 2023, asking the public to judge him on the results. Not surprisingly, critics are, however, suggesting that the PM’s pledges are a little vague –…

Millions of families will be starting the new year with the welcome news they will be receiving cost-of-living support. The lowest-income households across the UK will get up to £1,350 from the Government in 2023/4 to help with rising costs across energy and food bills. The new cost-of-living support will be paid from spring, following…

Looking to get on the property ladder this year? A government support scheme has been extended until the end of the year, The Mortgage Guarantee Scheme, which has already helped 24,000 first-time buyers, will now run an extra 12 months, giving you more time to take advantage. The scheme, which was launched in April 2021,…

If you’re self-employed and have been worried about the approaching 2024 deadline for transitioning to Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), you can relax. The Government has made the decision to phase in the mandatory use of software from April 2026, two whole years after the original date. Victoria Atkins, Financial…

1 January 2023 - Due date for Corporation Tax due for the year ended 31 March 2022. 19 January 2023 - PAYE and NIC deductions due for month ended 5 January 2023. (If you pay your tax electronically the due date is 22 January 2023). 19 January 2023 - Filing deadline for the CIS300 monthly…

The Chancellor of the Exchequer, Jeremy Hunt has confirmed, in a written statement, that the next UK Budget will take place on Wednesday, 15 March 2023. This will technically be the Chancellor’s first Budget although his Autumn Statement to the House of Commons on 17 November 2022 included many announcements more typically seen in a…

Last year over 12.5 million taxpayers were required to complete a Self-Assessment tax return but over 2.3 million taxpayers missed the 31 January deadline. The deadline for submitting your 2021-22 Self-Assessment tax returns online is 31 January 2023. You should also be aware that payment of any tax due should also be made by this…

The vehicle benefit charges for 2023-24 have been announced. Where employees are provided with fuel for their own private use by their employers, the car fuel benefit charge is also applicable. The fuel benefit charge is determined by reference to the CO2 rating of the car, applied to a fixed amount. The car fuel benefit…