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The first Friday of May was a busy news day. The ideal day to make an announcement that you might prefer to be overlooked – such as the Government’s new commission into adult social care in England. The news was full of stories about the dramatic rise of the Reform Party and the equally […]
The Government is taking an increasing interest in where pension funds are investing – or not investing. As March’s Spring Statement underlined, Government finances are in a tight and precarious position. Financial constraints were also squeezed under the previous Government, which led the Chancellor’s predecessor, Jeremy Hunt, to launch the Mansion House Compact […]
In June, HMRC began sending out simple assessments. They will come as a surprise to many recipients. From June 2025, HMRC will begin to issue simple assessment letters to those who are not required to make full self assessment returns. As a rule, you will receive a simple assessment letter if you: owe income tax […]
Action Fraud is urging people to look out for rogue QR codes, after 784 reports of ‘quishing’ were made to Action Fraud between April 2024 and April 2025, with almost £3.5 million lost. A new alert has been issued by Action Fraud, warning about quishing, a form of phishing whereby a fraudulent QR code is […]
With continuing intense pressure on Government finances, the October 2024 Budget confirmed that the overall tax burden in the UK will remain at an historically high level for years to come, with higher earners continuing to shoulder most of the burden. Higher and additional rate taxpayers currently pay over two thirds of all income tax. […]
There were no tax increases in the Chancellor’s Spring Statement (upgraded from an initial Spring Forecast), but that might just be pain deferred. Before becoming Chancellor, Rachel Reeves set out a new goal for the public finances, now badged the ‘Stability Rule’. In simple terms, this requires that the Government should at least match its […]