03.04.25
As we approach the 2025 tax year, understanding how income tax works in the UK is essential for effective financial planning.
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Chancellor abolishes Lifetime Allowance pensions shake-up
The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as much as they like into their schemes.
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Chancellor announces new Job Support Scheme and package of business support measures
The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new business support measures. Announcing his Winter Economy Plan at a hastily
Chancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions
The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result
Chancellor unveils changes to furlough scheme
The Chancellor, Rishi Sunak, has announced a series of changes to the Coronavirus Job Retention Scheme (CJRS) from July that will see furloughed employees able to retu
Change to Companies House bank details
Companies House has changed its bank details with effect from 1 September 2020 following a technical change to the way it is funded. Letters sent by Companies House
Changes to free childcare, but higher earners will still miss out
In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed to find that the
Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic
HM Revenue & Customs (HMRC) has made temporary changes to the time limit and rules for notifying an option to tax (charge VAT on) land and buildings. Normally, when no
Changes to the repayment of Student Loans begin in August
The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student loans are
Chief UK economist warns of period of stagnation – How will this affect your SME?
Stagnation is a prolonged period of little or no growth in the economy and it can have a serious impact on your business. Whilst talking to The Guardian, Samuel Tombs
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