Jan 22, 2025 | Government Announcements
The Government has removed Marcus Bokkerink as Chair of the Competition and Markets Authority (CMA), citing its commitment to economic growth. Business Secretary Jonathan Reynolds made the decision following heightened pressure on regulators to prioritise economic...
Dec 5, 2024 | Government Announcements
Scotland’s finance minister, Shona Robison, has announced the 2025/26 tax and spending plans. The two lowest tax thresholds will rise by 3.5%, benefiting low and middle earners. This adjustment will offset the increase in UK-wide employers’ national insurance...
Nov 28, 2024 | Government Announcements
Licensed gambling operators could face a new levy from April 2025, calculated as a percentage of their Gross Gambling Yield (GGY). Rates will range from 0.1% to 1.1%, varying by sector, operating costs, and harm caused. Operators earning under £500,000 in gross...
Nov 21, 2024 | Government Announcements
HMRC has updated its guidance on using email for communication with tax agents and individual taxpayers. Historically hesitant due to security risks, the tax authority now permits email use under strict conditions. Taxpayers and agents must confirm in writing, via...
Nov 14, 2024 | Government Announcements
On 30 October 2024, new rules were enacted to prevent close company shareholders from avoiding tax when extracting funds through loans. Announced in the Budget Red Book, the measure affects loans to participators within close companies, tightening anti-avoidance rules...
