Budget 2024
Budget 2024 – Now that was a budget to get our teeth into. Having spent the afternoon reading various budget documents, here are my thoughts
Election results: What does it mean for the UK tax system?
The election results are in and the Labour party won the country’s mandate to form a new parliament. A recurring topic of discussion and disagreement in the run up to the election was that of tax,
Will a Labour government mean changes to taxation?
I am increasingly being questioned by clients on what the likely taxation impact of a new Labour government is if they win the next General Election and whether they should make changes now.
Well let’s look at what has been said, the party has ruled out increasing rates of income tax, NI, corporation tax and VAT stating they have “no plans” for further tax increases and that the party’s plans requires no additional tax to be raised.
Are you one of the 12 million people that HMRC are expecting to file their tax return by the 31/01/2024?
Planning ahead is key and we advise clients against delaying the filing of returns until the last minute so that they can relax and enjoy the festive season.
Is Tax payable on compensation following pension transfer advice?
There is no general guidance for the taxation of compensation for mis-selling and the tax treatment of compensation payments is a complex area which has given rise to a substantial number of tax cases.