by George | Nov 27, 2025 | Business, Capital Gains, HMRC, Inheritance Tax, Tax, Tax Planning, The Budget
On 26 November the Chancellor of the Exchequer delivered her Autumn Statement. Here is a brief summary of the headline announcements affecting tax. •Income tax and National Insurance –The current personal tax thresholds will be continue to be frozen until 2031. –From...
by admin | Oct 31, 2024 | Business, Capital Gains, HMRC, Inheritance Tax, Tax, Tax Planning, The Budget, The Economy
On 30 October 2024, Chancellor of the Exchequer Rachel Reeves delivered the first full budget under a Labour Government since 2010. She announced taxes will be raised by £40bn, we have summarised the key changes that may affect you and your business below: National...
by admin | Aug 6, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
The 29 July 2024 saw the Chancellor of the Exchequer , Rachel Reeves announcing the next steps and draft legislation on the new Governments tax commitments ahead of the full Budget, which is now due to be held on 30 October 2024. Below are details of the 2 main...
by admin | Mar 8, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
On 6 March we saw the Chancellor, Jeremy Hunt, deliver the spring budget ahead of the general election. The ‘Budget for Long Term Growth’ announced the economy is turning a corner with inflation expected to fall, lowering taxes, improving public services and seeing...
by admin | Feb 7, 2024 | Business, HMRC, Self Employed, Tax
At the start of the year, the press widely reported that people with a ‘side hustle’ selling clothes online could ‘end up paying tax on their earnings’ The reporting of this suggested that there were new tax rules, however, that is not the...
by admin | Oct 9, 2023 | Albert's Knowledge Share, Business, HMRC, Payroll, Pensions
Tax relief is available on contributions to registered pension schemes up to certain limits. There are two different methods by which employers can effectively give tax relief on employee contributions – net pay arrangements and relief at source. The names are...
