Displaying 1-10 of 11 results
940,000 employers to pay more NIC in 2025/26
- Article
- 19 Nov 2024
Legislation introduced to Parliament provides for the changes to employers’ national insurance contributions (NIC) announced at the Autumn Budget 2024.
Budget measures you may have missed
- Article
- 06 Nov 2024
ICAEW’s Tax Faculty picks out some important measures announced at Autumn Budget 2024 which didn’t make the headlines on the day.
Changes to indirect taxes made in Autumn Budget 2024
- Article
- 05 Nov 2024
ICAEW’s Tax Faculty provides a round-up of indirect tax measures announced in the Budget on 30 October 2024, including VAT, duties and the carbon border adjustment mechanism (CBAM).
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.
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).
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).
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.
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.
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.
Displaying 1-10 of 11 results
Autumn Budget webinar
The Chancellor delivered the Autumn Budget on 30 October 2024, accompanied by a forecast from the Office for Budget Responsibility. In this webinar ICAEW's Tax Faculty reflects on the key announcements affecting individuals, employers, businesses and agents.
