Oct 30, 2024 | Government Announcements
During the Autumn Budget, Chancellor Rachel Reeves attempted to delicately tip-toe around the government’s manifesto pledges not to increase taxes on “working people” with the much-expected rise in employer’s national insurance contributions, taking the employer rate...
Oct 30, 2024 | Government Announcements
In the Autumn Budget, delivered on 30 October, Chancellor Rachel Reeves increased the higher rate capital gains tax from 20% to 24% and the lower rate from 10% to 18% and closed the IHT loopholes, bringing inherited pensions into IHT from April 2027 and a pledge to...
Oct 30, 2024 | Government Announcements
Among the tax measures announced in the 90-minute-plus Autumn Budget speech were: increasing employer’s national insurance by 1.2 percentage points to 15% from April 2025 reducing the secondary threshold on each employee’s salary from £9,100 a year to £5,000...
Oct 29, 2024 | Government Announcements
With the new government’s first Budget just a day away, the public awaits details of Labour’s approach to taxes, benefits and public spending. So far, Prime Minister Keir Starmer’s administration has revealed little, fuelling speculation around possible tax changes....
Oct 28, 2024 | Government Announcements
With the Budget just days away, Labour’s stance on “working people” has raised concerns, especially among business owners. In recent statements, Prime Minister Keir Starmer clarified that “working people” receive a monthly pay cheque, specifically excluding asset...
