Loan charge settlement opportunity

Loan charge settlement opportunity

The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge. The loan charge was introduced in 2019 to tackle ‘disguised remuneration’ schemes, where workers were paid through loans instead of salary...
Changes to capital allowances

Changes to capital allowances

The writing-down allowance (WDA) for capital assets will be lowered from April 2026 and a new first year allowance is introduced. Currently, companies can claim full expensing to deduct 100% of the cost of new and unused qualifying assets from their taxable profits....