October 2024 Newsletter: Key Updates for UK Tax, Fuel Rates, and Property Trends

News Update October 2024

Our latest newsletter covers essential updates and insights for businesses and individuals, focusing on changes that could impact your financial and tax planning strategies. Here’s a snapshot of what’s inside: We’re here to support you through these changes. Click here to download the full newsletter for a detailed look at each of these updates. If …

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Maximising Wealth for Your Loved Ones: A Guide to Tax-Efficient Gift-Giving in 2024/25

IHT September 2024

Planning how to pass on your wealth to future generations is an essential part of estate planning. One of the most effective ways to reduce inheritance tax (IHT) and ensure that more of your wealth reaches your loved ones is through tax-efficient gift-giving. In our latest newsletter, we delve into the opportunities available to individuals …

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Bank of England Cuts Interest Rates

Bank of England

Bank of England Reduces Interest Rates to 5%: What This Means for UK Businesses In a significant move announced earlier today, the Bank of England cuts interest rates by 0.25%, bringing the base rate down to 5%. This is the first rate cut since March 2020, marking a shift in the Bank’s approach to managing …

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Autumn Statement 2023 – Key Points

The Autumn Statement 2023 - Key Points

The Chancellor Jeremy Hunt delivered the Autumn Statement 2023 at 12.30pm today.  In his statement, the Chancellor stated that following a global crisis he has made difficult decisions to get the UK economy back on track.  He advised that this was an Autumn Statement for growth and to reward hard work.  A total of 110 …

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Spring Budget 2023 – Key Points

Spring Budget 2023

Jeremy Hunt delivered his first Spring Budget 2023 as Chancellor at 12.30pm today.  In his statement, the Chancellor stated that the Office for Budget Responsibility have declared that the UK will not now enter ‘technical recession’ this year as was forecasted and his speech was centered around his so called ‘four pillars of strategy’ to …

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Tax efficient cars for company owners

Who wouldn’t want a company car?  Well, potentially those who don’t like paying more tax than they need to. Many company car drivers will be aware that having a company car can result in significant Income Tax bills. The use of a company car is considered by HM Revenue & Customs (HMRC) to be a …

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Spring Statement 2022 – Key Points

Spring Statement 2022

Chancellor Rishi Sunak delivered his Spring Statement today.  Many were hoping his announcements would help individuals and businesses in the face of increasing costs, with inflation at a 30 year high at 6.2%. Many tax increases have already been announced – with increases to National Insurance from April 2022 to fund the increasing cost of …

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The Chartered Institute of Taxation

The Association of Taxation Technicians

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