Welcome to a short note on today’s Spring Budget statement and a quick reminder of the previously announced tax changes that will come into force next week. The Spring Statement: Rachel Reeves delivered her second fiscal statement today following the tax raising Autumn 2024 budget. Thankfully there were no more significant announcements on small business
Updated 13/2/2025 and current at the time of writing. Many small businesses in the UK are set up as Limited Companies. There are many benefits to this approach and some legal and accounting concepts that owners need to understand. A Limited Company is a separate legal entity to the owners. As such, the money in
Understanding the Changes Hidden away on page 133 in the notes to the 2024 Autumn Budget, the government has announced changes to the tax treatment of double cab pickup vehicles (DCPUs). Following a Court of Appeal judgment, these updates will come into effect in April 2025 and redefine how these vehicles are treated for tax
2024 Autumn Budget In Depth Briefing Welcome to our in depth budget briefing. If you would like any help with any of the issues raised here please do not hesitate to get in touch here. Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive
Pre Budget Tax Update As the 30 October 2024 budget approaches, small businesses should be preparing for potential tax changes that could significantly affect their finances. While the full details won’t be known until the official announcement, speculation is growing around key measures that businesses, especially directors, need to consider in advance. One of
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR)
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