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Should UK Landlords Pay More Tax Under Labour Plans?
Q: I sometimes sell unwanted items online. Am I now liable to pay tax on any money I make? A: There has been a rise in
Spring Budget 2024: NICs Cut, Non-Dom Tax Break Abolished & More
Introduction Cuts to National Insurance contributions and the abolition of so-called ‘non-dom’ tax breaks were among the headline announcements in today’s Budget. The Chancellor today
Spring Finance Bill Sets Shape for Tax Changes to Come
You‘ve probably digested the main news by now from the Spring Budget. Now comes the next stage:the Spring Finance Bill. The bill was published on 14
Spring Statement 2024
Cuts to National Insurance contributions and the abolition of so-called ‘non-dom’ tax breaks were among the headline announcements in the Spring Budget 2024. The Chancellor
Spring Statement 2025
Introduction The Spring Statement (26 March 2025) focused more on public spending cuts than tax. However, the picture for tax from April 2025 now becomes
Spring Statement Announced: More Tax Changes to Come?
The debates and arguments over the merits or otherwise of some of the tax changes from the Budget have barely settled down, even two months
Stamp Duty Tax Receipt Trends Revealed in New Reports
Among the changes we saw at Budget 2024 related to Stamp Duty – the tax you pay when you buy a new property. And a
Statutory Paternity Leave and Pay Changes in 2024
These affect us personally and professionally and if you have policies and procedures regarding Statutory Paternity Leave (SPL) and Pay (SPP), be aware of changes
Surge in Cash ISA Deposits
Savers rushed to deposit money into cash ISAs in October, driven by speculation that the annual allowance might be cut. £4.2 bn was added in
Tax Break Scheme for Second Homeowners Axed
The furnished holiday lettings tax regime is on the verge of being abolished. Reforms were announced under the previous Conservative Government in Spring 2024 and
Tax Changes Expected as Pressure Grows on Public Finances
A Government surplus would normally be seen as good news. But despite reaching £15.4bn in January – a record high for the month – it’s
Tax Changes to Progress to Law in the New Year
The 2024-25 Finance Bill is on course to complete in the new year. This will enact the many tax measures announced in the Autumn Budget
Tax Commitment Finally Set to Change After 25 years
A 25-year UK tax commitment related to Income Tax is set to be axed from next month. As the new tax year begins on 6
Tax on Rental Income for Jointly Owned Property: What to Know
Q.4 Jointly owned property and rental income – Anything tax-wise that we should know? I am a pensioner receiving a state pension and a private
Tax Penalty Fears for Pensioners as Millions ‘Dragged into Net’
Baroness Ros Altmann, a leading campaigner on pensions, has highlighted her fears after figures showing that the number of pensioners liable for tax have doubled
Tax Raid Pulls in £300 Million Less than Predicted
Chancellor Rachel Reeves’s £25 billion National Insurance hike brought in £300 million less than expected in its first two months. PAYE income tax and employer
Taxman Collects More than £400m in Interest Charges
The amount the tax man collects from interest charges has grabbed some media attention in recent weeks, as new data was published. Following a Freedom
The Government Refuses to Increase the Annual Personal Allowance to £20,000
Parliament debated a petition calling for the income tax threshold to be raised from £12,570 to £20,000 to allow people to keep more of their
Treasury Coffers Swell from IHT Bills – Even Before Imminent Reforms Set In
Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget. We’ve seen farmers staging significant protests
Treasury Collects £10bn Extra in Business Taxes
It has been revealed that companies across the UK have paid £95.2 billion in Business taxes in the financial year just finished (23/24) – a