The Spring Budget 2025: On March 26, 2025, Chancellor of the Exchequer Rachel Reeves delivered the UK's Spring Statement, outlining the government's fiscal policies and economic outlook. This mid-year update precedes the main
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Starting April 1 2025, UK households will experience significant increases in various bills and taxes, impacting daily expenses across the nation. As the government navigates economic pressures, these changes are part of
In the Spring Statement 2025, the Chancellor is set to provide an update on her plans for the UK economy on March 26, when she delivers a statement alongside an economic forecast. The
Rising Tax Burden: More Middle-Class Workers Caught in Higher Tax Brackets The number of higher-rate taxpayers in the UK has surpassed five million for the first time, marking a significant shift in the
In recent years, the UK government has introduced measures affecting the taxation of income from selling second-hand items online. These changes aim to clarify tax obligations for individuals engaging in online sales,
Yes, a trust can minimise Inheritance Tax. It can be a strategy to help reduce the impact of inheritance tax (IHT) when passing rental properties on to your children in the UK.
VED Tax Increase The UK government has announced significant changes to the Vehicle Excise Duty (VED) system, which will affect all new car buyers from 1 April 2025. The VED first-year charge, often
In the UK, Inheritance Tax (IHT) can often feel like an unavoidable burden, particularly for individuals with estates exceeding the nil-rate band of £325,000. However, many people may not be aware that
As we move into 2025, the UK’s tax system is seeing a series of significant changes designed to address fiscal challenges, stimulate the economy, and ensure fairness across different income groups. These changes
Can I Cash in My Pensions, Gift the Money, and Avoid Inheritance Tax? In the UK, inheritance tax (IHT) is a complex area of tax law that can significantly impact the wealth you
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