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01 Dec 2022
The Bank of England (BoE) decided to increase the base interest rate from 2.25% to 3% last month in a bid to curb inflation. The 0.75 percentage point rise is the largest hike since 1989 and the eighth consecutive increase... Read more
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Insider: December 202201 Dec 2022
With the new year just around the corner and tax season fast-approaching, now’s a good time to get a head start on your self assessment tax return. Self-assessment is a system HMRC uses to collect tax on income that wasn’t... Read more
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Self-assessment tax returns01 Dec 2022
With the rising costs of living affecting every aspect of almost everyone’s finances, there’s no time like the present to start considering your retirement plans. Unfortunately, the Government has significantly increased the state pension age over a number of years.... Read more
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Retirement planning21 Nov 2022
TC Group has a long-established involvement in the not-for-profit sector, working with many charities (including independent schools). Our Charity News includes the latest guidance and support available for the not-for-profit sector as the cost of living crisis starts to bite.... Read more
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TC Group Charity Newsletter – Autumn 202217 Nov 2022
The Chancellor has used the Autumn Statement to set out a number of measures to improve the country’s economy via spending restrictions and tax increases and to reassure the markets’ view of the UK. As the CPI hits 11.1% and... Read more
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Autumn Statement 202231 Oct 2022
Mortgage rates have been rising throughout 2022, but there was a significant increase after the mini-budget announcement on 23 September. The average two-year mortgage also hit its highest rate since the 2008 financial crisis at 6.07%. Following the announcement, a... Read more
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Insider November 202231 Oct 2022
Late September into mid-October has been a turbulent time for the Government and a confusing time (at best) for taxpayers, after former chancellor Kwasi Kwarteng’s fiscal statement. On 17 October, the new chancellor, Jeremy Hunt, reversed around two thirds of... Read more
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IR35: The rules now31 Oct 2022
A combination of financial challenges, eviction bans and a perceived lack of support meant the rental market was hit hard by the COVID-19 pandemic. Now, landlords and tenants are feeling the effects of rising costs. Landlords are also concerned about... Read more
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Buy-to-let CGT17 Oct 2022
The New Chancellor has announced the reversal of many changes from his predecessor’s mini-budged. Jeremy Hunt has moved to reverse many of the changes previously announced by Kwasi Kwarteng. The Chancellor will have his own mini-budget on 31 October supported... Read more
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Chancellor’s Emergency Statement