Tax is too complicated… say the legislators
A parliamentary committee has been examining efforts to simplify tax, but progress is still a long way off.
Bank deposit protection set to rise?
The recent problems in the banking world have raised questions around the current maximum protection for bank deposits: is it overdue for an increase?
2023/24 – the 23-month tax year?
If you are self-employed, the new tax year may be longer than you think.
More taxpayers moving to higher rate
Figures released alongside the Budget have highlighted a projected surge in the number of people who will pay more than the basic rate of tax.
A trio of Budget measures for childcare
The Budget announced three important changes to childcare provisions in England, but one trap remains.
Looking forward to a Happy New Tax Year?
The new tax year starts on 6 April, heralding a raft of changes that will make an early tax review of the year ahead a wise move.
Into the ice age: the diminishing personal allowance
The frozen personal allowance may be overtaken by the new state pension in only a few years, proving the income tax screw is well and truly tightening.
Caught by the additional tax rate taper trap
A growing number of taxpayers are being caught by the personal allowance taper, which will be exacerbated by the reduced additional rate tax threshold of £125,140. With many also questioning why the new threshold is not a round number, a…