News & Events
- Effects of the US presidential electionThe American presidential election may have significant effects on the United Kingdom, impacting various aspects of the relationship between the two countries. Here are some key areas where the UK… Read more: Effects of the US presidential election
- Further drop in interest ratesInterest rates are a powerful lever in our economy. Increase rates and economic activity tends to slow down, and vice versa if interest rates fall. The recent hikes in rates,… Read more: Further drop in interest rates
- Rachel Reeves announcements since the electionSince Rachel Reeves was appointed Chancellor of the Exchequer in May 2024, she has made several significant announcements aimed at addressing the UK's economic challenges as well as the much… Read more: Rachel Reeves announcements since the election
- Private pension contributionsTax relief on private pension scheme contributions is a significant incentive in the UK, encouraging individuals to save for retirement. Here’s how it works according to GOV.UK: Basic Rate Tax… Read more: Private pension contributions
- DWP reformsLiz Kendall recently set out how Britain’s system of employment support must be fundamentally reformed to tackle the “most urgent challenge” of spiralling economic inactivity. In a Department for Work… Read more: DWP reforms
- Opportunity knocks for holiday lets ownersFrom April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed in the same way as… Read more: Opportunity knocks for holiday lets owners
- What is the position now re private school feesThe following notes are copied from draft legislation published by HMRC, to be included in the Finance Bill 2024-25. As of 1 January 2025, all education services and vocational training… Read more: What is the position now re private school fees
- Taxing TimesIn a recent announcement to parliament, the Chancellor confirmed the current year deficit in the government finances of £22bn. She set out some of the reductions in public expenditure to… Read more: Taxing Times
- Tax Diary August/September 20241 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 – PAYE and NIC deductions due for month ended 5… Read more: Tax Diary August/September 2024
- CGT Incorporation ReliefWhere a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by… Read more: CGT Incorporation Relief
- Company filing obligationsIt is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of their obligations. After the end of its financial year, a… Read more: Company filing obligations
- Child benefit for 16 to 19 year oldsThe weekly child benefit rates for the only or eldest child in a family is currently £25.60 and the rate for all other children is £16.95. Taxpayers entitled to child… Read more: Child benefit for 16 to 19 year olds
- Thinking of selling your business?Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. When the relief is available,… Read more: Thinking of selling your business?
- Are your bank keeping you informed?According to the competition and Markets Authority, certain UK banks are not meeting their obligations to keep customers informed about their products and services. HSBC, Lloyds, TSB and AIB all… Read more: Are your bank keeping you informed?
- Tackling economic growthAccording to the pundits, there are a number of issues that the new government will have to tackle if it wants to increase government revenues by achieving higher economic growth.… Read more: Tackling economic growth