Spring Budget 2024

Posted on March 6, 2024March 7, 2024Categories Updates

The Chancellor of the Exchequer presented his Spring Budget to the House of Commons on Wednesday 6th March. For further information on policy paper please visit : Spring Budget 2024 — Overview of tax legislation and rates (OOTLAR) – GOV.UK (www.gov.uk) This article is designed to provide information that reflects legislation at the time. We do not accept responsibility for any financial losses incurred if you take or refrain from taking action based on this article until you receive our … Continue reading “Spring Budget 2024”

Autumn Statement 2023

Posted on November 22, 2023November 23, 2023Categories Updates

The Chancellor announced his Autumn Statement to Parliament on Wednesday 22nd November. National Insurance State pension & Benefits  National Minimum & Living Wage Businesses The above are the important updates for you and your business. For further info, please visit HMRC website Autumn Statement 2023 (publishing.service.gov.uk)

Autumn statement 2022

Posted on November 17, 2022July 5, 2023Categories Updates

Chancellor Jeremy Hunt announced today that are relevant to businesses and individuals: For further info, please visit The Autumn Statement 2022 speech – GOV.UK (www.gov.uk) Information are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

What’s in the mini budget?

Posted on September 23, 2022July 5, 2023Categories Updates

The new Chancellor of the Exchequer Kwasi Kwarteng has announced his mini-Budget on 23rd September 2022 Income tax National Insurance Corporation tax Other Benefits Information are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

April 2023 corporation tax rate increases

Posted on August 23, 2022July 5, 2023Categories Updates

UK trading companies currently pay corporation tax at the rate of 19% on their taxable profits. However, for the financial year commencing 1st April 2023, the main corporation tax rate is set to increase to 25% where profits exceed £250,000. A new ‘small profits rate’ of corporation tax of 19% will apply where profits are £50,000 or less. Profits between £50,000 and £250,000, they will pay Corporation tax at 25%. Information are made available to you only as self-help tools … Continue reading “April 2023 corporation tax rate increases”