In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024.
Clearly the recent increases in inflation have had a major impact on spending power and although the above measures are welcomed, the real increases in purchasing power are to some extent reduced by the continuing increase in prices.
However, since October 2022, the Consumer Prices Index (CPI) has already more than halved from 11.1% to 3.4%. This is stabilising the financial situation for many families, and the government expects that by Quarter 4 2024 (October-December) CPI will have fallen to 1.4%.
02/05/2024 - More...
The government is looking to introduce a new relief that would provide a VAT boost to charitable donations. The new VAT
02/05/2024 - More...
New rules that stop employers from withholding tips from people working in the hospitality, leisure and services sectors
02/05/2024 - More...
The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the
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