Budget
Autumn Budget 2025
Introduction Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds...
Entrepreneurs’ Tax Relief in 2019: More Change Ahead?
“If You Don’t Ask, You Don’t Get…”
Is an adage that HMRC probably knows all too well at the moment. Due to a failure of the HMRC self-assessment system, some taxpayers haven’t been informed of the amount of tax to pay on account by 31 January 2019. This problem won’t be fixed before 31 July 2019.
PAYE Decoded
Check Your PAYE Code, Now!
Now is the time to check your PAYE code if you are an employee or a private pensioner because there’s only a short time to get any mistakes corrected.
Making Tax Digital (‘MTD’), Deadline Looming
“The hurrier I go, the behinder I get!”
Alice In Wonderland, Lewis Carroll
HMRC is currently piloting Making Tax Digital (MTD) for VAT but this is by invitation only. Once HMRC is satisfied that things are working as expected, it proposes to allow business to join the pilot without invitation. It will be interesting to see when this happens, which will be the true litmus test.
The ‘B’ Word is Looming
Brexit: Deal or No Deal?
The dreaded ‘B’ word, hasn’t been mentioned by us until now. That’ll be “Brexit”, then. Up to now, we have resisted temptation to even utter the word. But we are getting a bit close now to what may happen: Deal? No deal? No Brexit post Referendum #2? Don’t laugh at No Brexit, it could happen. We cover all potential political angles here.
Making Tax Digital? What This Means for UK SMEs
UK business is “very relieved” – EMI Share Schemes are back on track!
Have you been thinking of granting Enterprise Management Incentives to your key people?
Changes to Personal Tax in the 2018 Budget
The personal allowance
The personal allowance for 2018/19 is £11,850.
The marriage allowance
The marriage allowance permits certain couples, where neither pays tax at more than the basic rate, to transfer 10% of their unused personal allowance to their spouse or civil partner, reducing their tax bill by up to £237 a year in 2018/19.
Employer Provided Cars? Strap in For Some Changes
More Lane Swapping Coming in 2018
The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced well in advance. Most cars are taxed by reference to bands of CO2 emissions multiplied by the original list price of the vehicle. Currently there is a 3% diesel supplement. The maximum charge is capped at 37% of the list price of the car.
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