Wage and Salary Changes to be aware of from April 2023

The government announced in their Autumn statement that from April 2023 there will be some important changes that will affect wages and salaries. Income Tax changes The additional rate threshold for the 45% tax rate will move from £150,000 to £125,140. All other income tax thresholds will remain at the current rate until April 2028. National Living Wage and National … Read More

Why has Making Tax Digital (MTD) been introduced and what are the benefits?

HMRC are aiming to become one of the most digitally advanced tax administrators in the world. They have made significant changes to the way our tax system works to make it more efficient, effective and less complex in order to achieve this. The HMRC carried out live pilot testing in order to prepare for MTD. They invited some businesses to … Read More