Will the Budget increase employment costs?

by | Oct 28, 2024 | Budget

Employers’ NIC There is ongoing speculation about potential increases in employers’ National Insurance Contributions (NICs). While the government is under pressure to raise additional revenue to address fiscal challenges, increasing employer NICs has been floated as...

Will she, won’t she?

by | Oct 14, 2024 | Budget

There is an ongoing discussion in Treasury circles, fuelled by lobbying from public sector unions, that the recent public sector pay deal may sideline any possible reduction in higher rate tax relief in the forthcoming budget. The Chancellor’s upcoming Autumn...

What can we expect from the October Budget?

by | Sep 9, 2024 | Budget

As the October 2024 Budget approaches, several key tax measures are anticipated based on Labour’s manifesto and previous policy announcements. Here’s what we might expect: Capital Gains Tax (CGT): It is likely that the CGT rates may be increased,...

Impact of the Spring Budget 2024

by | Mar 11, 2024 | Budget

We all knew that the Chancellor would have restricted options when considering the contents of his recent spring budget announcement on 6 March. But it seems he has the skills after all to “play tennis” with his arms tied behind his back… Would there be a combination...

March 2024 Budget – Key Announcements

by | Mar 6, 2024 | Budget

With an election looming, Chancellor, Jeremy Hunt, delivered his Spring Budget on 6 March 2024, billing it as a ‘Budget for growth’. As widely predicted there were further changes cuts to National Insurance, taking effect from the 2024/25 tax year. Other headline...

Autumn Statement – the main points

by | Nov 27, 2023 | Budget, National Insurance

Unsurprisingly, there were no changes to the rates and allowances for Income Tax purposes, VAT, Corporation Tax, Inheritance Tax and Capital Gains Tax. NIC charges for employees and the self-employed were eased and the Chancellor has bowed to lobbying by UK companies...