News Round Up June News Round Up June House prices fall for the second month in a row House prices fell by 0.4% in April to £261,962, following a 0.2% drop in March. UK house prices declined for the second consecutive month in April, influenced [...]
News Round-up May 2024 News Round-up May 2024 House prices grow slowly in March Higher mortgage rates affect affordability as the cost of buying a home strains budgets. Nationwide has reported a mixed picture of the housing market. On average, property prices increased 1.6% from [...]
News Round-Up April News Round-Up April UK house prices rise as interest rates fall The average house price increased by 1.2% compared to last year, climbing to an average of £260,420. The last growth was seen in January 2023. In February, UK house prices experienced [...]
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
