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Budget
The chancellor will deliver her first budget on 30 October 2024.
Simple assessments
HMRC has produced information about simple assessments. It covers what simple assessments are why HMRC uses them and what pensioners need to do on receipt of a simple assessment.
Making tax digital
HMRC has updated its making tax digital for income tax guidance to confirm that it will look at the tax return submitted by the taxpayer for the previous year to determine the qualifying income for the current tax year. If a taxpayer jointly owns a property and only receives notice of their share of the income after expenses have been deducted then HMRC will assess that figure as the taxpayer’s qualifying income.
National minimum wage
The government has published a policy paper on its remit to the Low Pay Commission (LPC) outlining areas to consider...
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