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Tax Tips and News

  • Several tax-related changes to take effect

    Newsletter issue – April 2025 A number of tax changes are set to take effect in April, with National Insurance contributions for employers and a facet of Capital Gains Tax among them. Employer NICs will rise from 13.8%, as it stands now, to 15% from 6 April 2025. And there are changes afoot for the…Read More

  • Tax commitment finally set to change after 25 years

    Newsletter issue – April 2025 A 25-year UK tax commitment related to Income Tax is set to be axed from next month. As the new tax year begins on 6 April 2025, rules on The Official Rate of Interest (ORI) are finally set to change. In January 2000 it was decided to not increase the…Read More

  • Hiring veterans: National Insurance relief extended for another year

    Newsletter issue – April 2025 Changes to National Insurance contributions for employers have dominated much of the tax news headlines since being announced at the Autumn Budget. But one element of the rules you may have missed concerns armed forces veterans. If you hadn‘t realised already, there is a relief that applies for businesses employing…Read More

  • Tax break scheme for second homeowners axed

    Newsletter issue – April 2025 The furnished holiday lettings tax regime is on the verge of being abolished. Reforms were announced under the previous Conservative Government in Spring 2024 and are now set to take effect. The changes will come into force firstly for Corporation Tax and for Corporation Tax on chargeable gains from 1…Read More

  • April Questions and Answers

    Newsletter issue – April 2025 Q:I’m thinking about selling my business, which I’ve owned for five years. How will the upcoming tax changes affect me? A:You’re right to identify there are relevant upcoming rule changes for people in your position. These alterations mean people who sell their businesses will have to pay more tax than…Read More

  • April Key Dates

    Newsletter issue – April 2025 5th Current tax year (2024/25) ends. That means it’s the final opportunity to use up any tax allowances or reliefs for that year, such as making pension contributions or ISA allowances. 6th New tax year begins (2025/26). Changes to tax rules, such as Capital Gains Tax (see above) and other…Read More

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