In recent months, HMRC has been under pressure to reduce wait times on their phone lines and the new HMRC app is hoped to start to relieve the pressure on the phones. Here is a quick summary of what you can achieve with the new app and how to download it.
The new statutory power that trusts and unincorporated associations can use to make changes to their governing document is now in force.
If using this power, charities will need to get the Commission’s authority to make certain ‘regulated alterations’ in the same way as charitable companies and Charitable Incorporated Organisations (CIO).
Our monthly downloadable guides for you to tread at your leisure.
With the UK entering a technical recession at the end of 2023 and a general election on the cards this year, Chancellor Jeremy Hunt was under pressure to deliver a Spring Budget that demonstrated fiscal responsibility and generosity. Dubbing the fiscal statement a ‘Budget for long-term growth”, Hunt focused his speech on delivering tax breaks, boosting investment and tackling unfairness in the UK tax system.
The Chancellor of the Exchequer has announced his Spring Statement in a rather raucous speech at the House of Commons stating:
‘At the beginning of 2023 the Prime Minister set out five priorities, three of which were economic; to halve inflation, grow the economy and get debt falling. At Spring Budget the government is delivering on these priorities; inflation has fallen, growth has been more resilient than expected and debt is forecast to fall.’
HMRC will keep an eye on the bank accounts of millions of people who earn extra cash from side jobs. HMRC is set to keep a close eye on millions of bank accounts as part of a tax crackdown. This new rule will impact people who earn extra money from side jobs, often known as side hustles.
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