Dec 11, 2024 | Business TaxPersonal Tax
HMRC has introduced an online calculator to assist self-employed individuals and partnerships in determining their overlap relief figures for the 2023/2024 tax year. This tool is designed to aid taxpayers in accurately reporting their taxable profits during the...
Dec 4, 2024 | Personal Tax
The UK Government has announced significant changes to Vehicle Excise Duty (VED) rates, effective 1 April 2025, impacting both new and existing vehicle owners. These adjustments aim to align VED rates with inflation and incorporate zero-emission vehicles into the tax...
Dec 4, 2024 | Business TaxPersonal Tax
The latest public sector finance data highlights how much the Government depends on tax increases to stabilise the nation’s finances. Provisional figures for October 2024 reveal a growing fiscal deficit, emphasising the challenges ahead for the Chancellor and her...
Dec 4, 2024 | Personal Tax
HMRC has introduced a new online tool to help those with side hustles determine whether their additional earnings are taxable. This move coincides with upcoming rules for online marketplaces, set to take effect in January 2025. The new regulations will require...
Dec 3, 2024 | Personal Tax
Petrol and diesel car owners could face significant road tax increases from April 2025, following new Vehicle Excise Duty (VED) rules announced by HMRC. These changes will see rates rise across the board, with older vehicles and diesel models hit the hardest. VED,...
