When is your Tax Freedom Day?
You may have seen last year at this time we wrote this blog about ‘tax freedom day’. This year, in the light of steeply rising energy prices, National Insurance increases, and tax changes not keeping up with inflation levels that we have not been seen for a generation...
Spring Budget Summary 2022
In this summary… Economic Update Announcements 2022/23 changes 2022/23 tax data Introduction Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for 23 March. The timing and brief...
Autumn Budget Summary 2021
In this summary… Highlights Personal Taxation and Investments Welfare and Family Support Capital Taxes Business Taxes Value Added Tax Tax Administration Facts & Figures Introduction The first autumn Budget for three years was a three-part presentation. The...
When is your Tax Freedom Day?
When is your Tax Freedom Day? While doing some research, I came across this concept that I thought was worth sharing. Every year, the Adam Smith Institute calculates the number of days the ‘average’ person would have to work just to pay off their taxes in the UK. Here...