personal tax Archives - Page 2 of 2

3rd January 20243rd January 2024

Tax and the side hustle

2 minutes to readDo you sell unwanted items online? Is your creative interest bringing in a top-up income? The ease of online trading has been with us for several years now, and with apps like eBay, Vinted and Etsy, it has never been easier to turn unwanted items into cash. Add to the above Airbnb letting, renting out …

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19th December 20233rd January 2024

Scotland: new high earner tax band

< 1 minute to readThose living in Scotland who earn between £75,000 and £125,140 will pay more tax than they currently do following an announcement by the Scottish government today. The new 45% band unveiled by Finance Secretary Shona Robinson means that Scotland will now have six income tax bands. In addition, the top rate of tax, paid by …

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1st November 202322nd November 2023

Autumn statement: 22 November 2023

4 minutes to readA ‘transformational’ Autumn Statement? With better-than-expected inflation figures the Chancellor of the Exchequer, Jeremy Hunt appeared keen to shed his party’s reputation of having overseen the biggest increase in the tax burden since the Second World War. With a total of 110 changes, the speech was billed as ‘a plan to unlock investment, reward work and …

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28th February 202320th March 2023

Spring Budget: Our summary

4 minutes to readAs anticipated, Chancellor Jeremy Hunt’s first Budget was heavily focussed on a push for economic growth, by offering tax breaks to stimulate business investment, and address pressures on the UK’s workforce by providing incentives to remain in or return to employment. Whilst few would have been expecting much in the way of tax giveaways, the …

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17th November 202215th March 2023

Autumn Statement 2022

4 minutes to readThe Chancellor of the Exchequer, Jeremy Hunt delivered his Autumn Statement on 17 November 2022, against a backdrop of record inflation and market instability. This was a Budget of balance, with none of the usual “rabbit out of the hat” announcements. Instead, the emphasis was on financial stability, creating growth and protecting public services. Mr …

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