The Chancellor presented his budget on Wednesday 15th March 2023. In his speech, he unveiled a range of initiatives as part of what he described as a “Budget for growth”.

As set out in the written ministerial statement made by the Secretary of State for Work and Pensions on 17 November 2022, the state pension for the 2023-24 tax year is set to increase to 10.0999%.

HM Revenue & Customs (HMRC) offers support to individuals and businesses experiencing cash flow issues through Time to Pay (TTP) arrangements.

Making Tax Digital (MTD) is one of the latest initiatives taken by HM Revenue and Customs (HMRC). They plan to digitalise the tax system in the UK to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.