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Tax Rates 2024/25 Income Tax Allowances 2024/25 2023/24 Personal Allowance (PA)* £12,570 £12,570 Marriage Allowance† 1,260 1,260 Blind Person’s Allowance 3,070 2,870 Rent a room relief** 7,500 7,500 Trading income**…

Autumn Statement Tax Tables 2024/25 Income Tax Rates and Allowances (Table A) Main allowances 2024/25 2023/24 Personal Allowance (PA)*† £12,570 £12,570 Blind Person’s Allowance 3,070 2, 870 Rent a room…

AUTUMN STATEMENT 22.11.23 Mind your headroom In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over…

The latest rates: Tax Rates 2023/24          

HMRC are changing their penalty regime for late submissions of VAT returns from VAT periods starting on or after 1 January 2023. There will now be penalties for late submission,…

Whether you run a physical store or an ecommerce business, the checkout process is one of the most vital steps in a customer’s journey. It is the last thing that…

For most people, submitting a tax return is not a favourite task. But it’s in everyone’s best interests to avoid errors and remove the risk of being dealt a penalty…

The Covid-19 pandemic has been a problem for businesses of all sizes – this is a truly unprecedented situation across every industry. But as we come towards the period where…

In March 2021, the European Commission set out proposals for a new procedure whereby persons not established in the EU can register in an EU country and account centrally for…

Being a property landlord can be a stable source of income for many people across the UK, as they provide a service to renters. But earning money from being a…

Under our Probate licence, we are required by the ICAEW to complete a diversity data survey and to publish a summary of results on our website. We have just completed…

You might not be aware that it wasn’t until 1920 that women were allowed to be recognised as Chartered Accountants. The very first woman to take that mantle was Mary…