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Autumn Budget

6 minutes to read Chancellor Rachel Reeves’s second Budget was making headlines before she even stood up, thanks to an unprecedented “technical error” by the Office for Budget Responsibility (OBR) which led to documents being published early. Thanks to that OBR leak, the press and other keen Budget watchers such as ourselves already knew the headline details: frozen tax …

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Making Tax Digital for Income Tax – get ready now

4 minutes to read In June of this year, we outlined the ‘who, what and why’ behind Making Tax Digital for Income Tax – the overhaul in the way taxpayers, agents and HMRC link and feed information to each other: It’s happening – Making Tax Digital for Income Tax HMRC is now running a campaign with letters and advertising …

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Spring Statement 2025- comment & summary

4 minutes to read The Chancellor, Rachel Reeves, was keen to remind us that today’s announcements were not a Budget, and that the Spring Statement did not raise any taxes for “working people”. Whilst that was a relief for many taxpayers, a closer examination of the documents published alongside the Spring Statement reveals a raft of tax announcements. Administration …

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HMRC targets historic online marketplace sales

2 minutes to read HMRCs latest campaign is a push to ensure tax compliance by those who sell through online platforms. The One to Many campaign Called the One to Many campaign, a letter is sent to people who receive income from online marketplaces , and haven’t reported their incomes. HMRC now receives data directly from platforms about their …

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Autumn budget 2024

7 minutes to read ‘Difficult choices’ was the phrase repeated at regular intervals by Chancellor Rachel Reeves in the first Labour Budget for 14 years, to ‘fix the foundations’ and ‘deliver change’. At 77 minutes, Ms Reeves’s speech was the longest we have heard for a while and contained a vast array of announcements on tax and spending. The …

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Furnished Holiday Lets: Tax treatment changes for owners

4 minutes to read During the spring budget 2024, the (then) Chancellor announced that there would be an abolishment of the furnished holiday lets (FHL) tax regime from 6 April 2025. Despite the change to a Labour government in early July, the abolition of the FHL regime is still set to go ahead, and the policy papers and draft …

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2024/2025 Tax Data

< 1 minute to read In an easy-to-read format, our tax data cards contain a snapshot of the tax rates and bands for individuals and businesses for the financial year 2024/25. Download a copy here, or get in touch with either our Leicester or Loughborough offices for a printed card. Rates, bands and allowances covered include those for: Income Tax …

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Budget: 6 March 2024

7 minutes to read The 2024 Spring Budget The main themes in the Spring Budget delivered by Chancellor, Jeremy Hunt, on 6 March were growth, public services and lower taxes. On growth, there was relatively little to excite – the Office for Budget Responsibility upgraded its forecast for the current year by 0.5% and now predicts the UK economy …

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