This article covers changes to various tax rates and reliefs set to take effect from 1 April 2023 in the UK. The corporation tax rate will increase to 25% for…
Read more
This article highlights recent developments in UK business taxes, including changes to National Insurance Contributions for the self-employed in 2023/24 and Making Tax Digital for Income Tax. It also covers…
Read more
The UK government has recently made significant announcements on energy costs, childcare, and state pension benefits. The Energy Price Guarantee scheme has been extended until the end of March 2024,…
Read more
The UK government has recently announced changes to income tax rates and allowances, which will have a significant impact on individuals' tax liabilities over the next few years. The personal…
Read more
Recent UK government announcements have implications for capital gains tax, inheritance tax, and VAT. The annual tax-free capital gains tax exemption will be significantly reduced, the inheritance tax nil rate…
Read more
If you are aged 45 to 70 and have gaps in your National Insurance record prior to 2016, then this blog is for you. At MMG Chartered Accountants, we understand…
Read more
It’s not too late to undertake some end-of-year tax planning. If you have available funds, an obvious tax planning point would be to maximise your £20,000 ISA allowances for the…
Read more
As well as charging interest on tax paid late, HMRC may also levy a penalty where there is an error in a tax return. These penalties may be judged as…
Read more