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
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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
Client Gifting and Expenses at Christmas: A Guide for Businesses As the festive season approaches, many businesses look for ways to show appreciation to their clients and strengthen professional relationships. One of the
Capital Gains Tax and Cryptocurrency: A Comprehensive Guide The rise of cryptocurrency has not only revolutionized the way we think about money and investments, but it has also raised new questions around tax
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