Hopefully, you have seen our Budget coverage and now is the chance to look at things in more detail… Income Tax: No changes were expected or delivered in respect of income tax. However, consultations are always announced in the background, seeking feedback...
Having taken a much-enjoyed personal day with my bestie and her boy, at Harry Potter World, I checked in very quickly to the highlights on #Budget2024. My first reaction was ‘Hmm, that’s not so bad’… I talked to clients over recent weeks about my “biggest budget...
As tax advisers, we need to consider all current and future changes happening in our field of expertise. The next Budget date has been set for Wednesday, 30 October 2024, as Chancellor Rachel Reeves outlines plans to address a £20bn deficit. This will be the first...
We often get approached by individuals who have not reported all their income or gains to HMRC. In the first instance, we discuss whether there is a requirement to file and what information will be needed. It can be a scary time, especially if HMRC has issued a...
Recently, the headlines have been focusing on the disposal of politician Angela Rayner’s house and whether or not she correctly calculated her Capital Gains Tax (CGT) liability. Our Tax Partner, Lucy Orrow, looks at some of the main points which have been raised in...
As we enter the 2024/25 tax year, below is a list of key tax changes that came into effect from the 6th April 2024. Individuals The personal allowance remains unchanged at £12,570. The personal allowance is the amount of income a person can earn before paying tax. The...
