Today the Chancellor was forced to doing something about the increases in cost of living. Hence, the fuel duty cuts, employee and self employed threshold national insurance increases but not too much else.

If people are still not feeling spring-like, the promise of a 1% cut in the income tax rate from April 2024.

Dig in a bit further and you decide:

As we reflect back on 2021, here are our Top 10 client queries we've seen time and again during 2021. You may see certain Covid related themes emerging! 

Easter Monday is not only the end of a long bank holiday, it’s also the end of the tax year. Make sure you plan accordingly, so you can improve your nest egg before Easter 🐤 Please see our top tips below:

1. Income Tax Thresholds - £50k and £100k

These are crucially important to understand, to ensure you don’t pay more tax than you need to. Even if you benefit from a 0% tax rate on certain allowances, say the £2k dividend allowance, the £2k still counts towards these £50k and £100k thresholds.

You do it every year.

You know it’s coming, like your partner’s birthday or Christmas, yet more often than not, you leave it till the last moment. Probably it’s because it’s one of those tasks which is always looming in the background and you don’t really like doing it. All those receipts, all those invoices. 

You ask yourself "Why don’t I get it done earlier and avoid the stress or rushing around when I have plenty of other important things to do?”  Here are five very good reasons to get next year's tax return in quickly: