The Spring Statement 2025 Chancellor Rachel Reeves has delivered her Spring Statement for 2025. As promised, the Statement does not propose any tax hikes, but it does reveal a downgrading of the growth forecast in a brief and gloomy precursor to the Autumn Budget....
Double cab pick-up trucks will be treated as company cars for the purpose of benefit-in-kind (BIK) tax and capital allowances from April 2025. Currently, double cab pick-ups that can carry more than 1 tonne are typically classified as commercial vehicles. This has...
Tax rules for non-domiciled residents From 6 April 2025, non-domiciled residents or ‘non-doms’ in the UK will experience a tougher tax environment under new tax rules proposed by the Government. Previously, non-doms have had the benefit of exempting their foreign...
Tax Changes For Furnished Holiday Lets The government has issued draft legislation to abolish the special tax treatment for furnished holiday lettings from 6 April 2025 for individuals and from 1 April 2025 for corporation tax. What is a furnished holiday let? A...
