Ringing the changes of the new tax year

Ringing the changes of the new tax year

The tax year 2018/19 ended on Friday 5 April, which means it’s time to start planning for the new tax year Planning for the new tax year is now affected by the shift of the Budget schedule to autumn. The result is that changes announced in October, or in...
Stuck in frozen tax thresholds?

Stuck in frozen tax thresholds?

The erosion in the values of tax thresholds is known as ‘fiscal drag’, and is a highly-effective form of stealth tax used by Chancellors from successive governments. Fiscal drag is the result of not adjusting tax thresholds (or allowances) in line with inflation....