by AJN Accountants | Nov 26, 2024 | Tax Planning
The Chancellor has extended the current freeze on inheritance tax (IHT) thresholds until 2030 and announced changes to the treatment of inherited pensions and other IHT reliefs. The nil-rate band (NRB) is the amount of any estate that can be inherited tax free. It has...
by AJN Accountants | Nov 22, 2024 | Accounting
Showing renewed commitment to promoting electric vehicles over petrol, diesel and hybrid models, the Government has extended the 100% first year allowance for zero-emission cars. Businesses and individuals can continue to deduct the full cost of zero-emission vehicles...
by AJN Accountants | Nov 18, 2024 | Tax Planning
The rates of capital gains tax (CGT) payable on gains arising from assets other than residential property have been increased with immediate effect. Rates Those taxpayers who decided to accelerate planned investment disposals before the Budget in anticipation of the...
by AJN Accountants | Nov 15, 2024 | Business
The Chancellor has announced that the main rate of secondary Class 1 national insurance contributions (NIC) for employers will increase by 1.2 percentage points from 13.8% to 15% from April 2025. The Class 1A and Class 1B employer rates (relating to benefits) will...
by AJN Accountants | Nov 13, 2024 | Accounting
As we approach April 2026, significant changes are on the horizon for businesses and individuals regarding Making Tax Digital (MTD). If you haven’t yet explored how this affects you, now is the time to prepare for the shift. The UK government has been gradually...
