With the tax year ending soon, now is a good time to check if you're making the most of available tax reliefs and allowances. If any of this applies to…
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The Government shared its ‘Corporate Tax Roadmap’ during the Autumn Budget 2024. This plan aims to give businesses clarity about the tax system so they can make informed decisions. It…
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The Scottish Budget, presented on the 4th of December, included key updates on the Scottish Rate of Income Tax (SRIT) and Land & Buildings Transaction Tax (LBTT). Scottish Rate of…
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Residency-Based Taxation Replacing ‘Domicile’ Concept Significant changes have been announced for UK resident non-domiciled individuals—those who spend substantial time in the UK without intending to settle permanently. Starting 6 April…
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Pension Contributions, Tax-Free Lump Sum, and New Inheritance Tax Rules The Chancellor’s budget left pension tax rules largely untouched. Individuals can still withdraw 25% of their pension as a tax-free…
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Corporate tax rates from 1 April 2025 for the financial year ending 31 March 2026, corporate tax rates and thresholds will remain: The thresholds apply across all companies in a…
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Motor Vehicles: From April 2025, most double cab pickups with a payload of 1 tonne or more will be classified as cars for capital allowance purposes, limiting tax benefits compared…
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For employees the national insurance rates and thresholds for employees in the 2025/26 tax year are as follows: Earnings below the LEL do not qualify for National Insurance contributions or…
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