Spring is in the air, bringing with it the promise of new beginnings and growth. Just like our gardens need a bit of love and care to flourish, so do…
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Significant tax changes have been announced for individuals who are tax resident in the UK but not permanently settled here (known as non-domiciled). While individual who is resident and domiciled…
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Rates and Thresholds The main rate of inheritance tax remains at 40%, reduced to 36% for estates where 10% or more is left to charity. The inheritance tax nil rate…
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Tax Relief for Expenditure on Plant & Machinery By way of a £1million Annual Investment Allowance (AIA) and, for companies only, unlimited ‘full expensing’, your business is likely to be…
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National Insurance for the Self-Employed Self-employed individuals with profits of more than £12,570 a year pay two types of NIC: Class 2 and Class 4. Two key changes come into…
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Scottish Taxpayers If your main residence is in Scotland or you are otherwise classed as a ‘Scottish taxpayer’, the application of income tax rates and bands applies differently where ‘other…
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As the dust settles from the rush of the January 31st tax return deadline, many of you might be taking a well-deserved sigh of relief. But as we all know,…
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On top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023, there are yet more changes that take effect from 1…
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