Key Tax Changes Effective April 2025 As we step into the new financial year, several significant tax changes are set to take effect in the UK from April 2025. These changes, announced in previous budgets and statements, will impact both individuals and businesses. Here’s a comprehensive overview of the key [...]
Tax Tips Ahead of the New Tax Year Approaching the end of the tax year, most business owners are looking for ways to bring their tax bill down. Here are our Top 5 Tax Tips for 2025: Maximise your pension contributions Companies can make employer pension contributions on behalf [...]
Upcoming Changes to Employers NI and Minimum Wage April 2025 will bring significant changes to both employer national insurance contributions (NICs) and minimum wage rates in the UK. These changes are part of the government's efforts to address economic challenges and support workers' living standards. Employer National Insurance Contributions Starting [...]
New Tax Rules for Double Cab Pick-Ups in 2025 With all of the revelations from the Autumn Budget, one major detail that slipped under the radar was that from 6th April 2025, double cab pick-up trucks will be treated as cars for the purposes of capital allowances, benefits in kind [...]
Budget 2024 - £40 billion in additional taxes The chancellor, Rachel Reeves, has delivered the first labour budget in 14 years. The Government had already set the scene that they had inherited broken public finances and broken public services, so we knew tax increases were coming. The Chancellor started her [...]
2024 General Election Impact On Businesses The recent general election has ushered in significant changes to the UK's financial landscape. The new Chancellor, Rachel Reeves, has announced that the Autumn Budget will take place on Wednesday 30 October 2024. Labour have suggested they will have to raise taxes in a [...]
Electric Cars - The benefits of going green With the technology behind electric vehicles improving year on year, it’s no surprise that switching to an electric car is an increasingly enticing option for drivers. As well as the environmental benefits, as a business owner, it could also make a lot of financial [...]
2024 Spring Budget The Spring 2024 budget is likely to be the last before the next general election and the majority of measures announced were broadly in line with what has been rumoured over the last few days.With the independent Office for Budget Responsibility (OBR) confirming inflation is set to fall [...]
2023 Autumn Statement The 2023 Autumn Statement announced today, Wednesday 22nd November, has outlined some important changes for workers in the UK. With the Office for Budget Responsibility (OBR) predicting an ‘overall’ UK growth this year of 0.6%, and an expected decrease in inflation from 5.6% in October 2023 to [...]
2023 Spring Budget As expected, the 2023 Budget has been a quiet one. The positive news is that the Office for Budget Responsibility (OBR) has said the UK will now not enter a technical recession this year. Inflation will also more than half and reduce to 2.9% by the end [...]
