You could see your Income Tax bill increase significantly in 2022-23 because of an Income Tax thresholds freeze announced by the Chancellor in the Autumn Statement. While the basic (20%) and higher (40%) thresholds are remaining at their current levels until 2028, rising wages will see people dragged across these thresholds over the coming years.

Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The R&D SME scheme enhanced deduction rate will be cut to 86 per cent from the current 130 per cent, and the payable

The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April 2024. CGT is what you pay on any gains that you make when you come to sell an asset, such as a

The Autumn Statement 2022 comes at a time of significant challenge for the UK, alongside the rest of the world, which has faced damaging economic shocks due to the pandemic, Brexit, and the illegal war in Ukraine. The fourth Chancellor of the Exchequer for 2022, Jeremy Hunt, pledged to face the “£55 billion black hole”

Inflation is described as paying £15 for that £10 haircut you used to get for £5 when you had hair. It is soaring at the moment and leaves business owners facing real problems.  If they increase their prices, they risk losing customers, but if owners peg prices, they put their profits and potentially their business

The status of IR35 or off-payroll working has recently caused more confusion once the repeals to reforms announcement by Kwasi Kwarteng were scrapped by new Chancellor Jeremy Hunt. Tax legislation designed to stop a form of tax avoidance known as disguised remuneration; IR35 is a set of rules applicable to individuals who avoid paying Income