WNJ is taking part in a free local finance and homebuyer event which is being organised in Lancashire next month. It will bring together a host of experienced professionals from across the area, including WNJ associate Stuart Iddon, to offer people free advice on a wide range of topics. The event is taking place on […]
The positive impact of a series of tax rises on government coffers has been revealed in new figures just published. Statistics from HM Revenue and Customs (HMRC) show its total receipts for April 2022 to March 2023 were a record £786.6billion and £71.1bn higher than the same period a year earlier. Income Tax, Capital Gains […]
Inheritance Tax (IHT) receipts for April 2022 to February 2023 hit a record £6.4billion – almost £1bn higher than in the same period a year earlier. The announcement by HMRC has renewed calls for action to be taken on the long-frozen tax threshold. The IHT nil-rate band, which is the maximum amount a person can […]
HMRC is reminding VAT registered businesses to file their returns and pay on time, ahead of new penalties being applied. It says the new penalties will be “fairer and more proportionate” for businesses who submit their returns or pay their VAT late. The first monthly returns and payments affected by the penalties are due by […]
HMRC has officially announced that Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) has been postponed for two years. Putting back the date means that the mandatory use of software will be phased in from April 2026, rather than April next year. From April 2026, businesses, self-employed individuals and landlords with an income of more […]
