Tax Tips and News

• Capital Gains: Investors’ Relief limit cut among changes revealed

  Newsletter issue – December 2024 One of the headline areas of tax reform in the Autumn Budget surrounded Capital Gains Tax. With rates altered by the Chancellor, it was one of the areas which attracted the most focus. Since Rachel Reeves' speech, the full details of the Budget have been released. As is always the…Read More

• Changes to Alternative financing tax rules

  Newsletter issue – December 2024 Tax rules for individuals and companies using alternative finance are to change. The Government released plans for reform on the day of the Autumn Budget, with the aim of simplifying the tax treatment of alternative finance and, in particular, refinancing arrangements. The objective of the policy is to "ensure a…Read More

• Christmas company parties – cause for cheer

  Newsletter issue – December 2024 With Christmas soon arriving, you may be planning a festive party for your employees or on behalf of the company you work for. It sometimes surprises people to hear that your business can benefit from a tax-free allowance for throwing a yuletide bash. You can spend up to £150 each…Read More

• Tax compliance rules for charities to change

  Newsletter issue – December 2024 Plans to change tax compliance rules for charities are moving forward, as the new Government picks up proposals for reform to prevent misuse. The previous Government had created proposals to prevent donors from obtaining a financial benefit from their contributions and stop wrongful use of charitable investment rules. The changes…Read More

• December Questions and Answers

  Newsletter issue – December 2024 Q: I own a second home worth £400,000, which I bought for £250,000 and I have shares valued at £50,000, which I purchased for £40,000. How will the recent Capital Gains Tax changes in the Budget impact what I owe if I sell these assets now compared to if I…Read More

• December Key Dates

  Newsletter issue – December 2024 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. 22nd Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter. 30th Deadline for submitting…Read More

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