On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. Headlines included further cuts in National Insurance Contributions for workers and the self-employed, a slight increase in the VAT registration...
HMRC U-TURN ON THE TAX TREATMENT OF DOUBLE CAB PICK UPs On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs) stating that from 1 July 2024 DCPUs with a payload of...
IT'S NOT TOO LATE TO UNDERTAKE SOME YEAR END TAX PLANNING ... Lifetime ISA (LISA) Those aged between 18 and 40 can set up a Lifetime ISA (Individual Savings Account) to buy their first home or save for later life. You can put...
WILLS, GIFTS & INHERITANCE TAX Many of us get together with the family at Christmas and that prompts us to think about making or updating our Will. Whilst it can be tempting to think this is something to leave until...
NATIONAL INSURANCE CONTRIBUTIONS CHANGES EMPLOYEES In addition to income tax, all employees earning more than £12,570 a year pay Class 1 NICs. From 6 January 2024, the main rate of Class 1 NICs will be...