Business rates worth the relief? Business rates relief has been extended for the retail, hospitality and leisure sector but, with the rate of discount cut from 75% to 40%, many English businesses will face a near doubling of their rates […]
Category: All News
Employers Face NIC Hikes and Wage Increases by 2025
The October Budget was not particularly kind to employers, with the cost of employer national insurance contributions (NICs) going up substantially from April 2025, combined with inflation-busting increases to the National Living/Minimum Wage. Employer NICs From 6 April 2025, the […]
Autumn Budget 2024: Tax Increases and Fiscal Changes
Chancellor Rachel Reeves’ first Budget was a significant one in all senses. “…this Budget delivers a large, sustained increase in spending, taxation, and borrowing.” So said the Office for Budget Responsibility (OBR) in the first paragraph of its overview of […]
New Chapter for Ammu
We’re excited to share some significant news with you! After an impressive 22-year journey in the accounting industry, our Co-founder and Director, Jane Grant, has decided to retire. Jane has been an integral part of Ammu’s growth, playing a vital […]
Autumn Budget 2024 – NI Contributions
The 2025/26 National Insurance Contributions (NICs) framework, as outlined in the Autumn Budget, includes adjustments to rates and thresholds impacting employees, employers, and the self-employed. This table provides an overview of NICs rates, exemptions, and key limits, including employer contributions […]
Autumn Budget 2024 – Personal Taxation tables
The following tables summarize the main personal tax rates, allowances, and reliefs set out in the Autumn Budget 2024. Covering income tax bands, savings, dividend allowances, and specific provisions for Scottish taxpayers and trusts, these tables provide a quick reference […]
Autumn Budget 2024 – Highlights
The Autumn Budget 2024 introduces a range of significant tax and financial adjustments aimed at addressing fiscal pressures and funding essential services. Here are the key changes, from national insurance increases to adjustments in inheritance tax and property levies, that […]
Autumn Budget 2024
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 […]
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.