Since 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
Tax 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
Liz 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.
From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed
The 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
In a recent announcement to parliament, the Chancellor confirmed the current year deficit in the government finances of £22bn. She set out some of the
1 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 – PAYE and NIC deductions
Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is
It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of their obligations. After the end
The 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
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.
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,