Long Awaited Windfall Tax
Due to the high increase in global oil and gas prices, the inflation rate in the UK is running at 9%. The public authority has
Fahad Lateef
2 June 2022
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Due to the high increase in global oil and gas prices, the inflation rate in the UK is running at 9%. The public authority has
According to the Office for National Statistics, the United Kingdom’s consumer increase in price reached 7% last month, exceeding economists’ prognostications for the sixth month
Inflation has kept expanding by 8 percent at rates not found in many years since the October 2021 Spending Review. Subsequently, Legend Financial assesses that
Ongoing conflict in Ukraine has shackled millions. Individuals are finding refuge to save their existence through horrors of Russia’s brutality. But, mood of compassion of
Russia’s attack on Ukraine resulted in tons of sanctions that aim at hindering Putin’s current aggressive efforts, predicted to severely hurt Russia for years to
With rising energy prices, the UK government is set to spend £9.1billion as Energy Bills Rebate to support lower-income households. Low-pay families are set to
The taper rate, which is someone’s Universal Credit, decreases as they earn more and has been reduced by around 8%, implying that people will keep
The normal family will be paying an additional £3,000 in tax after the Budget, as indicated by one of Britain’s driving financial research organizations. Expectations
The UK’s Chancellor Rishi Sunak conveyed a Budget that is expected to be financially focused after the economic unrest brought about by the pandemic, too
Chancellor Rishi Sunak will convey his next Budget and Spending Review to the House of Commons on Wednesday, 27 October 2021. With issues, for example,
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Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
The end of the tax year brings a few certainties. One of them is an important document landing in your inbox or hand. So, what is a P60 exactly? In the UK, it is an official record of the total pay received, and the amount of tax and NICs deducted during that tax year.
The days of crypto anonymity are coming to an end. From January 2026, HMRC will begin receiving automatic data on UK taxpayers’ cryptoasset activities from digital asset platforms around the globe. This is all under a new international agreement known as the Cryptoasset Reporting Framework (CARF).
Almost every employee in the UK is eligible for workplace pensions. It’s mandatory for employers to set their employees for auto enrolment pensions, even if they only have one. This guide is for both, whether looking to strengthen compliance or understand how it affects their paycheck.
The removal of P11D forms, replaced by mandatory payrolling of benefits in kind (BIK) by April 2026, is deferred for 12 months. This was first introduced in January 2024, but with several appeals, HMRC announced on 28 April 2025 that it will delay the implementation in April 2027.
Those who are self-employed or in a partnership need to know about a major tax change: “Basis Period Reform.” This new approach to taxing business profits in the UK aims to simplify things by aligning everyone’s tax calculations to the standard tax year. This guide breaks down everything in simple terms. Understand what is changing, how it impacts you, and what steps you may need to take.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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