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Displaying 1-10 of 56 results
Help ICAEW tackle PAYE liabilities and payments discrepancies
- Article
- 04 Nov 2024
ICAEW’s Tax Faculty is asking employers to provide details on a confidential basis of discrepancies between their records and HMRC’s pay as you earn (PAYE) liabilities and payments records.
ICAEW welcomes increased funds for HMRC in Autumn Budget
- Article
- 30 Oct 2024
HMRC has received additional investment, with its budget for 2024/25 increasing from £4.7bn to £5.2bn, and its initial budget for 2025/26 set at £5.8bn. However, HMRC is expected to make savings of £107m in 2025/26 from continuous improvement.
Autumn Budget makes significant changes to inheritance tax
- Article
- 30 Oct 2024
The government has announced that the inheritance tax (IHT) nil rate band will be fixed for a further two years, business property relief (BPR) and agricultural property relief (APR) will be reformed and the exemption for pensions will be removed.
Government publishes its plans for corporation tax
- Article
- 30 Oct 2024
The government has set out its intentions for corporation tax for the next five years, delivering on its commitment to publish a business tax roadmap at the Autumn Budget.
Budget updates on manifesto commitments
- Article
- 30 Oct 2024
The government has provided updates on some of the key measures included in the Labour Party’s general election manifesto, including the taxation of “non-doms” and charging VAT on services provided by private schools.
CGT and SDLT rates increased in Budget
- Article
- 30 Oct 2024
From 30 October 2024, the main rates of capital gains tax (CGT) will be increased to 18% and 24%. The 10% rate of CGT for disposals attracting business asset disposal relief (BADR) will increase to 14% (from April 2025) and to 18% (from April 2026).
National insurance increases for employers announced in Budget
- Article
- 30 Oct 2024
From April 2025, employers will pay national insurance contributions (NIC) on an employee’s earnings above £5,000 at the rate of 15%. The employment allowance will be increased to £10,500 per year to help smaller businesses.
Budget makes changes to how the tax system is administered
- Article
- 30 Oct 2024
The Budget included several announcements on how HMRC will tackle non-compliance in the tax system, as well as an important update on making tax digital for income tax self assessment (MTD ITSA).
Autumn Budget 2024 confirms agents must register with HMRC
- Article
- 30 Oct 2024
The government has made three proposals for raising standards in the tax advice market in response to the consultation published in March 2024.
Tax news in brief 30 October 2024
- Article
- 29 Oct 2024
Highlights from the broader tax news for the week ending 30 October 2024, including: a MTD ITSA event organised by HMRC; an online tool for taxpayers from HMRC; and an update from HMRC on tax avoidance schemes.
Displaying 1-10 of 56 results