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If employees must work from home and their employer does not reimburse certain costs,...
Business confidence hits two-year low According to a new survey from the Institute of...
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IR35 reforms raise £4.2bn extra tax HMRC’s clampdown on IR35 off-payroll working rules has raised £4.2bn in additional tax, National Insurance, and apprenticeship levy payments between October 2019 and March 2023. Around 120,000 contractors were affected, with the average individual paying £10,000 more in tax. The reforms first hit the public sector in April 2017, … Continued
Economic outlook, fiscal stability and planning reforms The Government of the United Kingdom has typically held two major fiscal events each year – the Autumn Budget and the Spring Statement – with each updating on the economy’s performance, significant tax changes, fiscal measures and adjustments to allowances. In 2024, however, Chancellor Rachel Reeves committed to … Continued
Strategies for minimising IHT liabilities Inheritance tax (IHT) in the United Kingdom applies to the transfer of wealth after death. It can affect property, savings, investments, and other assets. Although it applies to a smaller portion of estates, those crossing certain value limits may face a 40% tax charge on amounts above available allowances. Thresholds … Continued