IN BRIEF

The further 2p cut to the main rates of employee and self-employed NICs will: benefit 27.6m employees and 2.2m self-employed workers at a cost of around 10 billion per year. Everyone earning more than 12,570 a year will...

From a property tax perspective, there were three main changes of note as outlined below.Firstly, furnished holiday letting regime is to be abolished from April 2025. The government has announced that draft legislation will be published in due...

Tax risk focused announcements were less prominent than in previous years Budgets, but there were still some proposals of note.As expected, referring to the widely held mantra that everyone must pay their fair share of tax, the Chancellor...

The government has announced that it will be including the enabling provisions necessary for the introduction of regulations providing for Reserved Investor Fund (Contractual Schemes) or RIFs for short in the Spring 2024 Finance Bill. This is welcome...

According to the old saying, a week is a long time in politics. But it would appear that 16 weeks is not an especially time in fiscal policy. Jeremy Hunt, the Chancellor, delivered his Spring Budget just 16 weeks after his Autumn Statement and, as a...

Only as recently as November last year, the government reaffirmed that the Energy Profits Levy (EPL) would end in March 2028 in order to provide predictability for the industry. However, in the Budget, the Chancellor announced that the EPL will be...

The second annual report on HMRC's use of financial institution notices now published.

Key changes in FA 2024.

Navigating HMRC’s approach to Condition C.

Navigating the withholding tax issues when administering payments of arrears of pension and associated interest.