BUDGET 2024
March 7, 2024
Key points
The key points are covered below. You can also view or download our more detailed booklet by clicking the link above:OverviewMost tax rates and allowances were announced in advance at the Autumn Statement, and the significant new proposals were all predicted – there were n...
Autumn Statement 2023
November 23, 2023
Mind your headroom
In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over a year after the tax cuts announced by Kwasi Kwarteng were judged imprudent by the international markets, contributing to a fall in the value of ...
Autumn Statement 17 November 2022
November 18, 2022
This was the third fiscal statement this year and the third different chancellor to deliver it. We have had four Chancellors in the UK this year, but Chancellor three of the year, Nadeem Zahawi, didn’t get the opportunity to deliver a fiscal statement at all.
Jeremy Hunt...
Spring Budget 2020
March 12, 2020
Spring Budget 2020
“Getting it done” was the constant refrain of Chancellor Rishi Sunak during his first Budget, delivered on 11 March 2020. An ironic phrase given this budget was originally scheduled for November 2019. The original Budget being delayed by the election. Of course, that ori...
Company cars - Electric vehicle opportunity
February 20, 2020
Our general advice on company cars has been to avoid them. When you are the owner/manager of a business the personal tax and National Insurance costs far outweigh any benefit and it made no financial sense to have a company car.
Well that advice is changing, but only if...
Autumn Budget 2018
October 30, 2018
Philip Hammond delivered his 3rd Budget as Chancellor on 29 October 2018. The Government have clearly decided to loosen the purse strings a little and the commitment to bring the Government finances back in to surplus has been delayed until at least 2025. Growth forecasts of...
TAGS
taxBudgetcorporation taxvatPersonal taxSDLTchancellorHMRCNational InsuranceAutumn statementCompany taxemploymentPayrollsmall businessesFurloughed workersholiday homeIR35propertyresidential propertySelf assessmentstamp dutytax liabilitiesautumn budgetBenefit in KindCarsCJRSCompany lawConfirmation Statementsflat rate schemegrantsinheritance taxlimited cost tradermortgage interest reliefOverseaspension contributionsReceipt BankRegistered OfficeTrainingvat flat rate schemeXero