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).
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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.
Spotlight on a City Centre Business: Elizabeth Bandeen – Massage Therapist Glasgow.
City centre businesses are currently facing tough challenges due to the pressures of LEZ regulations, bus gates, parking charges, and the ever-changing ScotRail timetable. Yet, clients like the tenacious Elizabeth Bandeen continue to adapt and thrive. This latest client spotlight […]
HMRC launches VAT registration estimator
HMRC has launched a new digital tool to help businesses estimate the potential impact of their VAT registration.
New tax plans target private schools and social care
Chancellor Rachel Reeves has announced new tax measures impacting private schools and social care.
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