As suspected, it appears that the Labour government plans to proceed with the changes outlined in the last Budget (presented by the Conservative government) regarding wide ranging changes to the taxation of Furnished Holiday Lets (FHLs).
With ever-changing tax rules, it’s easy to get it wrong, miscalculating your tax liabilities or omitting to file a return at all. If you realise you’ve made a mistake, what should you do?
George Crowe, Senior Manager and specialist medical accountant, looks at the new pay scales for NHS consultants. He highlights how an increase in pay could come with some unwanted tax burdens and how to make the most of personal allowances.
Significant changes have been made to National Insurance contributions, impacting both employees and self-employed individuals. We explain how these changes may affect you.
Knowing when you need to complete a tax return is your responsibility. Read our blog to find out who needs to file a return, how to register for Self Assessment and what to do if you no longer need to file a tax return.