Dec 4, 2024 | Business TaxPersonal Tax
The latest public sector finance data highlights how much the Government depends on tax increases to stabilise the nation’s finances. Provisional figures for October 2024 reveal a growing fiscal deficit, emphasising the challenges ahead for the Chancellor and her...
Dec 4, 2024 | Personal Tax
HMRC has introduced a new online tool to help those with side hustles determine whether their additional earnings are taxable. This move coincides with upcoming rules for online marketplaces, set to take effect in January 2025. The new regulations will require...
Dec 3, 2024 | Personal Tax
Petrol and diesel car owners could face significant road tax increases from April 2025, following new Vehicle Excise Duty (VED) rules announced by HMRC. These changes will see rates rise across the board, with older vehicles and diesel models hit the hardest. VED,...
Nov 20, 2024 | Personal Tax
The recent Budget, led by Chancellor Rachel Reeves, has introduced major changes to inheritance tax (IHT) reliefs, sparking widespread concern among farmers and small business owners. The alterations slash the long-standing 100% agricultural property relief (APR) and...
Nov 19, 2024 | Personal Tax
The recent Budget has sparked controversy among farmers as Chancellor Rachel Reeves limited inheritance tax reliefs (IHT) for agriculture. Long-standing benefits, such as 100% agricultural property relief (APR) and business property relief (BPR), will apply only to...
