UK income tax bands and rates explained – 2024/25

Every year, the Government raises around £1 trillion in revenue from taxes. The lion’s share, according to the Institute for Fiscal Studies (IFS), comes from income tax and National Insurance. — Read on finance.yahoo.com/news/uk-income-tax-bands-rates-130000177.html Visit KS Virtual Finance here

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My Challenge My Productivity

What is the biggest challenge you will face in the next six months? I’d say when I’m in the age of 40s, many things have become clearer what you can achieve what you can’t. So the challenge for me is how to maintain a balance. Of course some people argue if you try hard enough, you achieve more, but equally you have the same dilemma – something to take/achieve, something to…

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Increased HMRC VAT investigations bring in £11.4bn of unpaid tax | Business News | Sky News

While more resources are being put into tax compliance, HMRC documents said the difference between what it was owed and what it took in grew from the 2022 to 2023 financial year end. — Read on news.sky.com/story/increased-hmrc-vat-investigations-bring-in-11-4bn-of-unpaid-tax-13038178

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Tax cuts, a new PM and a Nigel Farage comeback - what 2024 could have in store for UK politics | Politics News | Sky News

With a general election set to get under way in 2024, politics is about to get deadly serious now – and, possibly, dirty and nasty too, with the two main parties unleashing bitter personal attacks on their opponent’s leader. — Read on news.sky.com/story/what-does-2024-have-in-store-for-uk-politics-13038437

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Soaring Capital Gains Tax and Income Tax - who pays w...

Britain’s top 100,000 taxpayers footed an average income and capital gains tax bill of £559,000 each in 2021/22. — Read on www.landlordtoday.co.uk/tax-and-finance/2023/12/soaring-capital-gains-tax-and-income-tax–who-pays-what Visit KS Virtual Finance for more info

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Rishi Sunak suggests more tax cuts are on the way - but refuses to commit to triple lock manifesto pledge | Politics News | Sky News

The prime minister said that while he would not comment on specifics, trimming taxes was “the direction of travel from this government”. — Read on news.sky.com/story/rishi-sunak-suggests-more-tax-cuts-are-on-the-way-but-refuses-to-commit-to-triple-lock-election-pledge-13022126

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Tax incentives for occupational health: Consultation - GOV.UK

Tax incentives for occupational health: Consultation – GOV.UK — Read on www.gov.uk/government/consultations/joint-hmt-hmrc-consultation-on-tax-incentives-for-occupational-health/tax-incentives-for-occupational-health-consultation Visit KSV Finance website for more news

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UK budget deficit falls in June but experts say tax cuts are unlikely | Budget deficit | The Guardian

Jeremy Hunt says government needs to keep fiscal discipline as it attempts to halve inflation — Read on www.theguardian.com/business/2023/jul/21/uk-budget-deficit-tax-cuts-jeremy-hunt-inflation Visit KSV Finance for more news

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Too Old To Take on High Risk!

Is there anything you feel too old to do anymore? High risks, not for me anymore. Right after having kids, I think my routine has become pretty much kids orientated. Doing things like mountain climb, going night out with people I don’t know, taking on an investment that I’m unsure about the potential return, these are the things I’d totally avoid now. Physical activity with a certain…

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UK tech start-ups hasten overseas expansion after R&D tax cuts | Financial Times

Move threatens Britain’s standing as a tech hub and government ambitions to grow the sector — Read on www.ft.com/content/f9b8a08a-2e98-4e10-9dd1-188d30408c36 For more UK tax tips for small businesses, please visit KS Virtual Finance here! KS Virtual Finance

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A record 11.7 million tax returns received on time - GOV.UK

HMRC has revealed that 11.7 million customers filed their tax return for the 2021 to 2022 tax year by 31 January. — Read on www.gov.uk/government/news/a-record-117-million-tax-returns-received-on-time KS Virtual Finance

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Almost 5.7 million customers still to file their tax return - GOV.UK

Almost 5.7 million customers still to file their tax return – GOV.UK

There is less than one month for millions of customers to file their Self Assessment tax return for the 2021 to 2022 tax year. — Read on www.gov.uk/government/news/almost-57-million-customers-still-to-file-their-tax-return For more UK tax tips for small businesses, please visit KS Virtual Assistant here!

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How to set up an HMRC personal tax account

How to set up an HMRC personal tax account

Wondering how to set up your HMRC personal tax account? It’s designed to help make managing your tax affairs much easier. Read more for the details. — Read on www.simplybusiness.co.uk/knowledge/articles/2022/12/hmrc-personal-tax-account/ For more UK tax tips for small businesses, please visit KS Virtual Assistant here!

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Government announces phased mandation of Making Tax Digital for ITSA - GOV.UK

Government announces phased mandation of Making Tax Digital for ITSA – GOV.UK

Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement today (19 December 2022). — Read on www.gov.uk/government/news/government-announces-phased-mandation-of-making-tax-digital-for-itsa

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Daily Workout!

fitness.apple.com/gb/workout/hiit-with-jamie-ray/1651715204 #applefitness #dailyworkout

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Jeremy Hunt move will make more people pay inheritance tax

Jeremy Hunt move will make more people pay inheritance tax

Chancellor agrees to freeze tax threshold for another two years as he battles to balance the books ahead of next week’s Autumn Statement — Read on www.telegraph.co.uk/politics/2022/11/07/inheritance-targeted-tax-raid-jeremy-hunt/

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Freeze in UK income tax thresholds predicted to raise £30bn a year | Financial Times

Freeze in UK income tax thresholds predicted to raise £30bn a year | Financial Times

Think-tank highlights how PM’s move, allied to high inflation, is poised to levy far more from Britons — Read on www.ft.com/content/a3698777-99a1-4165-9d9d-be11b421c073 For more UK tax tips for small businesses, please visit KS Virtual Assistant here!

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