HMRC’s Late payment interest rises again

8th February 2023 by Joanne Stoneman

A further increase in the Bank of England’s base rate means that HMRC’s late payment interest rates will rise again next week. 

Tax Codes

8th February 2023 by Joanne Stoneman

You should check your tax code if HMRC sends you notice of a new one, as they can be wrong, resulting in a tax bill at the end of the tax year.

Preparing for the New Tax Year Basis

6th February 2023 by Joanne Stoneman

The rules HMRC use to work out sole traders’ and partners’ profits for Income Tax in a Self-Assessment return are changing for many businesses from the tax year 2023 to 2024 onwards.