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Claim your tax relief for working from home

If you have been working from home during the pandemic, don’t forget you could be due some tax relief… Employees, required by their employers to work from home (WFH, as it has become know), have been able to claim tax relief long before the pandemic hit. The...

The twenty-year IHT freeze

The freeze on the inheritance tax (IHT) nil rate band will mean more tax from more estates. In March 2006 the then Chancellor, Gordon Brown, announced that the IHT nil rate band for 2009/10 would be £325,000. Announcing the change over three years before it would...

Spring Budget 2021: A quiet turning of the tax screw?

Look at the raw numbers and there is no increase in tax – everything stays the same. In practice, the effect of inflation will take its toll… Just before the Budget arrived on 3 March, it seemed as if the Chancellor would have nothing to say that was not already...

Inflation: at a turning point?

We could see another jump in inflation soon The pandemic has posed problems for the Office for National Statistics (ONS) when it comes to calculating the rate of inflation. For example: • How do you measure the price of an item or service when a lockdown means it is...

The mid-pandemic Budget Summary

While the pre-Budget Treasury leaking machine appeared to flag many of the Budget measures announced, the Chancellor still managed to produce some surprises on Budget Day. As the number of people affected by Covid-19 now appears to be slowing as vaccines are rolled...