October last year marked the first Labour budget in over a decade – and as expected, it held a large number of changes that affected individuals and businesses in unequal measure. As a ‘halfway point’ designed to give the Chancellor an opportunity to outline progress...
The government has given people more time to pay National Insurance contributions towards their State Pension – but the cut off date is April 2025. State Pension Entitlement Entitlement to State Pension is something many people don’t think about until they are...
The Chancellor, Jeremy Hunt, presented his autumn statement alongside the latest forecasts from the independent Office for Budget Responsibility this week. It’s the budget update that now has the nation whispering of a snap spring general election and gave businesses...
We’ve written previously on the topic of Capital Allowances, touching upon the claims you can make for commercial property. Knowing that this is of interest to many of our clients, we again welcomed the opportunity to speak to Giordano Goggioli, Senior Associate for...
When people hear that HMRC has changed the tax rules, it normally causes them to groan. But this time, HMRC’s plans could help small businesses as its Making Tax Digital (MTD) programme becomes a reality. With Foxley Kingham’s new accounting solution for small...
The key HMRC reform, which only affects unincorporated businesses, such as partnerships and sole traders, involves moving the calculation of business profits from the ‘current year’ basis to a ‘tax year’ basis. HMRC’s measure was originally put forward as a means of...
