Even the government thinks tax is too complicated!
The Office of Tax Simplification (OTS) is looking at ways to simplify tax on savings. The OTS is looking at the way in which savings and investment income is taxed, which can be very complicated. Its May 2018 paper states, the interactions between the [tax] rates and allowances is sufficiently complex at the margins that […]
2017 will be the last Spring Budget, so read this.
The Treasury has announced the date of the 2017 Budget. Shortly before Christmas the Treasury announced that the 2017 Spring Budget will be on Wednesday 8 March. In November 2016 Mr Hammond announced he would be moving the main budget announcements to the autumn, something that we have not seen since Ken Clarke was Chancellor […]