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
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
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
Five ways to avoid savings interest tax as a 45p additional rate taxpayer As a 45p additional rate taxpayer, managing your savings to minimize tax on interest can be challenging but possible
Spring Budget 2024 On Wednesday 6 March, chancellor Jeremy Hunt delivered his Spring Budget 2024, only three and a half months after his Autumn Budget 2023. He presented updated forecasts from the
Policy objective The main objective of the diverted profits tax is to counteract contrived arrangements used by large groups (typically multinational enterprises) that result in the erosion of the UK tax base.
Common questions we receive are often about Investment Bonds and Tax. Are Investment Bonds taxed under Capital Gains Tax? What is a chargeable event gain and how is it calculated? How do
Starting in business or running one? Is your new or existing business a trade, a business or an investment activity? The differences between a trade, business and investment is very important for