In this insightful dive into the UK's Autumn Statement 2023, we unpack Chancellor Jeremy Hunt's bold reforms to National Insurance Contributions. With NIC rate cuts set to take effect in 2024, we explore how these changes spell out a substantial financial boost for the nation's employees and self-employed individuals. From increased take-home pay to enhanced pension contributions, discover how the new tax landscape is set to benefit the hardworking populace, embodying a fresh commitment to the economic well-being of working families and independent professionals across the UK.

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) has painted an optimistic picture for the UK, as we've observed a welcomed easing of inflation rates in the latter part of 2023. This trend is essential for financial planning and strategic investment, and as your trusted accountancy practice, we're here to dissect these trends.

Accountancy Alert: Navigating the HMRC Hurdles – The Push for Urgent Reforms

VAT Penalty

HMRC has confirmed that the penalty system will be reformed in a bid to curb abuse of the self assessment system and support taxpayers who make occasional mistakes.

Personal tax changes from 6 April 2023

Tax Changes April 2023

Inheritance tax: how to cut your bill