Spring Budget 2023 - Highlights
16 March 2023The Chancellor Jeremy Hunt delivered his Spring Budget in the House of Commons under the headings of Employment, Education, Enterprise and Everywhere.
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The Chancellor Jeremy Hunt delivered his Spring Budget in the House of Commons under the headings of Employment, Education, Enterprise and Everywhere.
READ MORE
If you don’t pay all the VAT you owe on time, HMRC will eventually send you a surcharge calculated as a percentage of the unpaid VAT. This surcharge is not interest, and doesn’t relate to the length of the delay for the payment, just the amount of unpaid VAT.
If you are married or in a civil partnership, you may qualify for the marriage allowance. This is not an extra allowance, but a transfer of 10% of your personal allowance to your spouse. This amounts to £1,150, equivalent to a maximum tax reduction of £230 for 2017/18.