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 …
Choosing the best business structure for your business is one of the first and most important decisions you will make. It impacts everything from your tax obligations to the level of personal liability and even your ability to raise funds. Your choice of structure also has long-term implications for your growth potential, compliance responsibilities, and …
Facing a personal tax compliance check from HM Revenue & Customs can be daunting, but it doesn’t have to be. Our latest newsletter is here to guide you through the process, ensuring you stay prepared, informed, and ready to handle any enquiries from HMRC with ease. From understanding what triggers a compliance check to knowing …
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 …
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 …
In our latest newsletter, we cover key financial and tax updates that may impact your business and personal finances. Here’s a brief summary of the main topics: Bank of England Cuts Interest Rates For the first time in four years, the Bank of England has cut interest rates by 0.25%, bringing it down to 5.0%. …
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 …
HMRC make U-Turn on proposed helpline cuts less than 24 hours after announcement made. Tuesday 19 March HMRC announced decision to make changes to the Self-Assessment, VAT and PAYE Helplines. This included a 6-month Self-Assessment helpline closure from April 2024 to September 2024. Wednesday 20 March this announcement was reversed with any guidance published by …
The National Minimum Wage is increasing from 1 April 2024, impacting both employees and businesses. Here’s what you need to know: New Rates 2024/2025 Age Category 2023/2024 Rates 2024/2025 Rates % Increase 23 Years and Above (National Living Wage 23/24) £10.42 N/A 21 Years and Above (National Living Wage 24/25) N/A £11.44 9.80% 21 – …
Likely to be his last Budget as Chancellor before a General Election, Jeremy Hunt delivered his Spring Budget 2024 speech at 12.30pm today. In his speech, he claimed this was a Budget for long term growth. Download our detailed analysis of the Spring Budget 2024 here: A summary of the key measures announced are as …
The Chartered Institute of Taxation
The Association of Taxation Technicians
