Autumn Budget 2024 – Key Points

Autumn Budget 2024

The Chancellor Rachel Reeves delivered the Autumn Budget 2024 speech at 12.30pm today which lasted over 80 minutes.  The first Budget speech made by a Labour Government since 2010.  The speech was highly anticipated and considered to be a big, consequential one.  The Chancellor has announced £40bn of tax rises of which £25bn is set …

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Autumn Statement Summary

Today, Thursday 17 November 2022, Chancellor Jeremy Hunt delivered his Autumn Statement.  Many were hoping his announcements would help individuals and businesses in the face of increasing costs, with inflation at a 40 year high coming in at 11.1%. Instead Hunt delivered a bleak outlook for the next few years blamed on the fallout from Global factors, …

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Reversals to the Mini Budget

Newly appointed Chancellor, Jeremy Hunt has today announced (Monday 17 October 2022), in what is being hailed as the biggest U-turn in British economic history, almost all measures set out by ex Chancellor Kwasi Kwarteng in his Mini Budget late-September, have been reversed. Hunt vowed, “there will be more difficult decisions” on tax and spending …

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Corporation Tax U-turn

Prime Minister Liz Truss has made yet another U-turn in the not so ‘Mini Budget’, this time to Corporation Tax which now, ex chancellor Kwasi Kwarteng, announced back in late-September. Corporation Tax was due to rise from 19% to 25% in April 2023, but was reversed in a dash to ”ignite growth”. Truss has announced …

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Government U-turn for 45p Income Tax Rate

Chancellor Kwasi Kwarteng has announced a major U-turn for the 45p Income Tax Rate which affects individual’s earning more than £150,000 a year. The Government’s handling of the UK economy has been criticised following the Mini Budget, which the Chancellor delivered on Friday 23 September 2022. An eventful 10 days followed the Mini Budget, which …

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Energy Price Cuts

What does it mean for you and your business? Announced on Wednesday 21 September 2022, the government are providing a support package for businesses, which will see energy price cuts through a new Energy Bill Relief Scheme. The government will provide a discount on wholesale gas and electricity prices for all UK businesses. The scheme …

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Completing your self-assessment tax return

What you need to know before fCompleting your Self Assessment Formiling self-assessment for 2017/18.

It’s a common scenario.

As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you decide not to worry about it for now.

Then the weeks start to fly by, Christmas comes and goes, and soon you’re planning for the New Year and getting back to work as normal.

Before you know it, it’s the end of January, you’re searching for your registration details, and HMRC’s waiting times are growing longer as thousands of other taxpayers in the same predicament try to get in touch.

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