Oct 18, 2024 | Business TaxPersonal Tax
HMRC has announced a significant update to Making Tax Digital (MTD) for Income Tax, confirming that more than one agent can now act for a single client. This change comes ahead of the phased MTD rollout, which starts in April 2026. Previously, only one agent could act...
Oct 9, 2024 | Personal Tax
The Government is set to unveil significant reforms to employment rights, spearheaded by Deputy Prime Minister Angela Rayner. The Employment Rights Bill, part of Labour’s Good Work Plan, will be released on Thursday, 10 October, within the Government’s 100-day...
Oct 3, 2024 | Personal Tax
A recent poll revealed that half of the public still opposes increasing inheritance tax (IHT) rates, while two-thirds believe the £325,000 threshold should be raised. Despite this, only 24,500 estates (4.39% of estates in the 2021/22 tax year) were liable for IHT...
Sep 27, 2024 | Personal Tax
The Treasury is reassessing parts of Labour’s manifesto plan regarding the abolition of the non-domicile (non-dom) tax status, amid concerns over how much revenue it would actually raise. There are fears that wealthy individuals may simply leave the UK, undermining...
Sep 25, 2024 | Personal Tax
Although many expect a rise in capital gains tax (CGT) rates to be announced in the October 2024 Budget, data shows that the reduction in CGT rates has increased receipts. HMRC data reveals that the recent cut in CGT for residential property transactions from 28% to...
