Nov 20, 2024 | Personal Tax
The recent Budget, led by Chancellor Rachel Reeves, has introduced major changes to inheritance tax (IHT) reliefs, sparking widespread concern among farmers and small business owners. The alterations slash the long-standing 100% agricultural property relief (APR) and...
Nov 19, 2024 | Personal Tax
The recent Budget has sparked controversy among farmers as Chancellor Rachel Reeves limited inheritance tax reliefs (IHT) for agriculture. Long-standing benefits, such as 100% agricultural property relief (APR) and business property relief (BPR), will apply only to...
Nov 5, 2024 | Business TaxGovernment AnnouncementsPersonal Tax
From April 2026, all tax advisers dealing with HMRC will be required to register under new Government rules aimed at reducing unethical practices. The mandatory registration is part of a broader effort to regulate the tax advice industry and eliminate rogue...
Oct 24, 2024 | Personal Tax
Water companies across England and Wales are seeking even higher bill increases than originally proposed, with Southern Water requesting the biggest rise of 84%. Thames Water, the UK’s largest water provider, is pushing for a 53% increase, potentially raising annual...
Oct 23, 2024 | Business TaxPersonal Tax
HMRC receipts for September 2024 surpassed £64bn, an increase of nearly £4bn from August and over £3bn more than September 2023. Between April and September, total tax and National Insurance contributions (NICs) reached £406.3bn, £11.1bn higher than in 2023. Income...
