Watson Knipe Blog

This article summarises the Autumn Budget 2025 measures affecting personal tax, with a continued emphasis on frozen thresholds alongside targeted rate changes that will gradually increase the tax burden for many individuals. It outlines the ongoing freeze to Income Tax and National Insurance bands, updates to allowances, and changes to the taxation of savings, dividends, and property income from 2026 and 2027 onwards.

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.

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.

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.

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.

We wanted to give you an update on personal tax following the Spring Budget in March 2022. It’s important to be aware of any changes that can impact your tax and to take advantage of any allowances available to you.

It’s important to understand the changes to personal tax and the allowances available to you over the coming year to help with financial planning. We have pulled out some key information that will be useful for you following the changes announced by the Chancellor in the Autumn Budget 2021.

Business owners of limited companies can maximise their earnings post-tax by paying themselves a low salary along with the balance in dividends from their company’s profits. However, from April of this year, the 10% dividend tax credit was abolished and replaced with a new dividend tax allowance of £5,000 per year.

If you are a man born on or after 6 April 1951 or a woman born on or after 6 April 1953, you’ll be able to claim the new State Pension. However, if you reached State Pension age before 6 April 2016 you’ll get it under the old rules instead.

The recent Budget made changes to the support available to help pay for childcare in the UK, but also added new levels of confusion, making it harder to work out what individual households are entitled to.

The Spring Budget 2017, delivered by Chancellor Philip Hammond on 8 March, was billed as being notable for the fact that it would be the last ever spring budget. Going forward the budget will be shifted to the autumn, with the equivalent of the Autumn Statement now taking place in spring.

We are at the start of the new tax year, this is the best possible time to take stock of the tax allowances and rates that affect a high proportion of adults in the UK, particularly in the light of recent Budget announcements.

There are lots of different reasons for HMRC deciding to investigate a business and review the amount of tax that has been paid. If you are subject to a tax investigation it can be a very stressful process and time-consuming.

We were contacted by a Consultant and his wife to help them with personal tax planning. The Consultant worked for the NHS and provided private healthcare services in his own time. This resulted in more financial considerations than they anticipated as he was already in the higher tax bracket income-wise.

This blog gives a summary of five key changes which will impact personal tax following the Autumn Budget 2017.

If you are a working parent with children under 9 you should have a read of this blog. Some of you may have already started to claim Tax-Free Childcare for your younger children.

We have written many blogs explaining the benefits of being a sole trader and the benefits of being a limited company. The business structure you choose depends on your own personal circumstances and your business goals.

There were some changes to personal tax announced in the Autumn Budget on 29 October 2019; we have pulled out some of the key points, so you have a concise summary.

When you run a small business, you need to understand the different business taxes and how these will impact your business finances. Your accountant should be able to help advise on these, but understanding business taxes better yourself, can help with financial planning throughout the year.

Child benefit is claimed by most families with children under 18 years of age. However, if you or your partner earn more than £50,000 and claim it you may need to pay a tax charge called ‘High Income Child Benefit Charge'.