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Spring Statement 2025- comment & summary

4 minutes to readThe 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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Checklist: Year-end personal tax planning

4 minutes to readBefore the tax year draws to a close, it is important to ensure your tax affairs are arranged efficiently. Year-end tax planning can provide significant benefits, including reducing your tax liabilities and ensuring that you make full use of available allowances and reliefs. We have compiled a checklist, and some key planning points that you …

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HMRC targets historic online marketplace sales

2 minutes to readHMRCs 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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