Who is paying it, who is not, and will it be abolished?  

There has been pressure within the Conservative party to change or abolish Inheritance Tax for some time, and the question is whether Rishi Sunak will reduce the 40% Inheritance Tax rate in the March 2024 Budget, with a view to abolishing

In this last post in our series about the recent Budget, we take a look at measures introduced to simplify the tax system, proposals for modernizing the system and measures introduced to help with the collection of outstanding taxes. 

Simplification measures for small businesses

The government

In this post about the recent Budget, we take a look at how it may affect entrepreneurs and businesses when it comes to calculating VAT and late payments, as well as the ongoing saga of the Making Tax Digital (MTD) scheme.

Value Added Tax (VAT)

VAT registration and deregistration

In this post about the recent Budget and how it may affect entrepreneurs and businesses, we take a quick look at three incentive schemes that may be of interest and for which you may be eligible.

Enterprise Management Incentive Scheme (EMI)

Share options are a very flexible way to attract and

In the next few posts in our series about the recent Budget, we take a look at announcements and changes that may affect entrepreneurs and businesses. 

Business Tax

Corporation tax rates

The expected increase in the rate of corporation tax for many companies from April 2023 to 25% will go

Inheritance tax planning should always form part of your long-term strategy, and so in this post, we take a look at how announcements in the recent Budget may affect those plans.

Inheritance Tax (IHT) nil rate band

The nil rate band has been frozen at £325,000 since 2009 and this will now

In the second post in our Budget series, we take a look at Capital Gains Tax, and the main provisions of the recent Budget as they may affect you and your family.

CGT annual exemption

The government has announced that the CGT annual exempt amount will be reduced from £12,300 to £6,000 from 6

Each year, we analyse the Budget focusing on the tax measures which may affect you, your family and your business. In this first post in the series, we take a look at the income tax and pension provisions, and changes to the tax relief for non-UK charities.

The economic outlook

There is reason to

In this second post in our End of Year Tax Planning series, we take a look at tax planning measures you may wish to consider now if you are an entrepreneur, running a business, or a resident foreigner (or Non-Dom). Reviewing your financial affairs is an important part of ensuring you pay the