The Autumn Budget 2024 brought key updates to taxable benefits for company cars. These changes, effective from April 2025, will affect both employers and employees who use company vehicles. Businesses must understand these updates to remain compliant and optimise tax planning.
The Autumn Budget 2024 has brought several key updates to personal tax policies in the UK. Whether you're a salaried individual, a business owner, or an investor, these changes will affect how you manage your finances. This article is a summary of the most critical updates announced.
The Chancellor's Autumn Budget 2024 announcement has brought stability and opportunities for businesses, with changes that will impact financial planning, investment strategies, and operational costs. Let’s delve into the key highlights and what they mean for businesses across the UK.
When it comes to providing expert tax advice with a personal touch, Haidee Watson stands out. As the Personal Tax Director at Watson Knipe, Haidee combines extensive experience with a deep understanding of her client’s needs to offer tailored solutions. Here’s a closer look at Haidee’s journey and her approach to helping businesses and individuals with their taxation needs.
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.
Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next April while Capital Gains Tax rates will also rise.
Expatriate taxation is a complex area that requires expert guidance, particularly for those who live or work abroad but still have tax obligations in the UK. We specialise in providing comprehensive advice and support to expatriates, ensuring they remain compliant with UK tax laws while maximising their financial position.
The 2024 Spring Budget announced changes to the High Income Child Benefit Charge (HICBC). We wanted to write more about this to help you understand how it works, as there are many misconceptions about it.
The VAT Domestic Reverse Charge was introduced in March 2021. It must be used for most supplies of building and construction services. If you are within the Construction Industry Scheme, it's important to understand how this works.
The new tax year started on 6 April 2024; this is a good time for businesses to prepare for the year ahead. Several changes were announced in the Spring Budget, which you need to consider.
Several changes were announced in the Spring Budget announcement on 6 March 2024 that will impact individuals and businesses. These include the VAT registration threshold, Stamp Duty Land Tax Changes, simplification measures, and other tax duties.
This article gives information about business tax and allowances announced at the Spring Budget on 6 April 2024. This includes Corporation tax rates, Capital allowances, Transfer of assets abroad, Creative Industries, Furnished Holiday Lettings, R&D Relief, Business Rates and Freeports and Investment Zones.
This article is important for employers and self-employed who want to keep up to date with the changes announced in the Spring Budget on 6 March 2024. There is information about National Insurance Contributions, Employees and NIC, The Self-Employed, National Living Wage and National Minimum Wage, as well as Company cars and vans.
It is important to check how the changes announced in the Spring Budget on 6 March 2024 will affect your personal tax. There are a number of taxes and allowances that are important, such as Tax bands and rates, Personal Allowance, Marriage Allowance, Tax on savings, Tax on dividends, Pension tax limits, Individual Savings Accounts, High-Income Child Benefit Charge and information for Non-UK domiciled individuals.
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.
There has been a lot of speculation about what will be announced in the Spring Budget on 6 March 2024. This is the final budget for Jeremy Hunt, Chancellor of the Exchequer, to set tax policies that will steer the Conservatives towards the general election. The assumption is that the Chancellor will focus on areas that may help them with votes.
To increase business investment, the government has announced a number of measures which could raise around £20 billion per year from businesses in a decade’s time. The changes include:
This article summarises the tax updates announced in the Autumn Budget 2023. These will be of interest to individuals and landlords. This includes Capital Gains Tax, Inheritance Tax, Back to Work Plan, State Benefits, Individual Savings Accounts and Pension Tax Limits.
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.
Did you know there are now less than 100 days left before your self-assessment tax return must be completed? The deadline is 31 January 2024. We are now busy working on the tax returns for our clients and wanted to remind everyone that there are many benefits to getting these processed and submitted sooner rather than later.
In April 2023, corporation tax rose from 19% to 25% for companies with profits over £250,000. Businesses whose profits do not exceed £50,000 have a small profits rate of corporation tax which is 19%.
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
More blog posts