Tax Card 2024/25 Tax Card 2024/25 Tax Card 2024/25 INCOME TAX ALLOWANCES 2024/25 2023/24 Personal allowance* £12,570 £12,570 Personal savings allowance Basic-rate taxpayer Higher-rate taxpayer Additional-rate taxpayer £1,000 £500 £0 £1,000 £500 £0 Dividend allowance at 0% £500 £1,000 Marriage/civil partner transferable allowance** £1,260 £1,260 [...]
SPRING BUDGET 2024 SPRING BUDGET 2024 SPRING BUDGET 2024 INTRODUCTION With the UK entering a technical recession at the end of 2023 and a general election on the cards this year, Chancellor Jeremy Hunt was under pressure to deliver a Spring Budget that demonstrated fiscal [...]
News Round Up March News Round Up March HMRC clamps down on undeclared dividend earnings Starting on 4 February 2024, HMRC is writing to company owners regarding the potential under declaration of dividend income. The correspondence is prompted by a decrease in company reserves despite [...]
National Insurance cut boosts UK households
News Round-up January 2024 News Round-up January 2024 HMRC launches cryptoassets tax disclosure service HMRC has rolled out a new initiative enabling taxpayers to voluntarily disclose unpaid tax on cryptoassets covering exchange tokens, non-fungible tokens, and utility tokens. The tax authority has initiated contact [...]
UK accountants demand HMRC service improvements
UK economy recovery slows in August
HMRC reopens self-assessment helpline
Insider September 2023 Insider September 2023 Geopolitics prompt importers to alter supply chains One in five British importers have altered their supply chains because of geopolitical tensions, particularly with China, new research suggests. A survey by the Institute of Directors (IoD), found that 20.5% of [...]
Insider August 2023 Insider August 2023 R&D tax relief crackdown ‘deterring genuine claims’ The Chartered Institute of Taxation (CIOT) is warning that HMRC's efforts to tackle abuse of the R&D tax relief system are resulting in them rejecting legitimate claims and stone-walling others. In a [...]
