The first Budget from a Labour government since March 2010, and the first ever from a female Chancellor, proved to be the defining event that had been widely anticipated. From the moment in late July when Rachel Reeves unveiled her […]
Author: Ammu Accounting
How Pension Tax Reforms Could Raise £10 Billion Annually
With a ‘black hole’ of £22 billion to fill, there are plenty of groups giving Rachel Reeves advice.
Unclaimed Child Trust Funds: How to Trace and Unlock Over £2,200 in Savings
With around 670,000 child trust fund (CTF) accounts sitting unclaimed by Generation Z adults aged between 18 and 22, HMRC is concerned.
How Capital Gains Tax Changes Could Impact Receipts and Planning Strategies for Investors and Landlords
Raising tax rates is a traditional government strategy to increase tax receipts for HMRC, but this may not be the case for capital gains tax (CGT).
Why UK Businesses Should Prepare for E-Invoicing: Combating VAT Fraud and Improving Efficiency
The government wants businesses to make more use of electronic invoicing to combat VAT fraud and enhance tax collection.
How Landlords Can Meet EPC Upgrade Requirements by 2030
Rental property has been set a government target to meet an energy performance certificate (EPC) rating of C by 2030.
A pre-Halloween scare? Looking ahead to the autumn Budget
Rachel Reeves’s first Budget will be on Wednesday 30 October. “I have to tell the House [the] Budget will involve taking difficult decisions to meet our fiscal rules across spending, welfare and tax.” The Chancellor’s ‘Public Spending: Inheritance’ speech to […]
The missing element in pensions change
Promised adjustments to pension law are missing a key element: increasing minimum contribution levels.
Capital gains tax: a minority sport?
Will increased capital gains tax (CGT) mean less tax gets paid? Source HMRC The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any […]
Tips and troncs – what does it mean for your business?
Since July, it has been illegal for employers to withhold tips from staff.
Can you spot a fake HMRC letter?
The latest scam highlighted by HMRC is rather ‘old school’, involving letters posted to companies instead of the more usual digital communication.
Dividend allowance cut doubles taxpayers
With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be double what it was three years ago.
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