By the time you’re reading this, the new tax year is either just about to start or has already started.

Some of the changes have been public knowledge for months now and some of the rises have been anxiously awaited as the country continues to face a cost-of-living squeeze.

But the Government is intent on decreasing the national deficit and inflation after over £400 billion of quantitative easing by the Bank of England and global supply chain issues.

With these changes adding to the cost of living for many families, it’s more important than ever to know what changes have been made so you can prepare.

Read our latest Active Practice Update for information on key personal taxes and tax changes you need to know in 2022/23.

If you would like to discuss in more detail any of the issues raised in this article with a member of our team, please call 01772 741200