News Round-up December 2024 News Round-up December 2024 Double-cab pickups to be classed as cars under new HMRC policy HMRC has confirmed that double-cab pickups will be taxed as cars from April 2025, following the latest Budget announcement. This change, outlined in the Budget Red [...]
News Round-up November 2024 News Round-up November 2024 Private school VAT could affect 55% of parents The rising costs of private education, compounded by the introduction of VAT on school fees in January, are expected to impact more than half of children in private schools. [...]
News Round-Up October 2024 News Round-Up October 2024 New HMRC advisory fuel rates Updated fuel rates impact UK company-car drivers. These rates, which apply to petrol, diesel, LPG, and electric vehicles, are used to reimburse employees for business travel or repay the cost of fuel [...]
News Round-up September 2024 News Round-Up September 2024 Bank of England cuts interest rates The vote to lower the interest rate to 5.0% was close, with five members voting in favour and four against. In its first cut for four years, the Bank of England [...]
HMRC inheritance tax recovery soars New Roundup August 2024 HMRC inheritance tax recovery soars Targeted efforts yield high returns from unpaid IHT as HMRC recovers £285 million from 3,028 investigations. The amount of tax collected from unpaid inheritance tax (IHT) investigations is soaring, but HMRC [...]
News Round-up July 2024 News Round-up July 2024 HMRC contacts pending ROR claimants Provisional claimants are urged to make a valid claim by 31 January 2025. HMRC is writing to taxpayers who made a provisional business asset roll-over relief (ROR) claim on asset sales in [...]
News Round Up June News Round Up June House prices fall for the second month in a row House prices fell by 0.4% in April to £261,962, following a 0.2% drop in March. UK house prices declined for the second consecutive month in April, influenced [...]
News Round-up May 2024 News Round-up May 2024 House prices grow slowly in March Higher mortgage rates affect affordability as the cost of buying a home strains budgets. Nationwide has reported a mixed picture of the housing market. On average, property prices increased 1.6% from [...]
News Round-Up April News Round-Up April UK house prices rise as interest rates fall The average house price increased by 1.2% compared to last year, climbing to an average of £260,420. The last growth was seen in January 2023. In February, UK house prices experienced [...]
Tax Card 2024/25 Tax Card 2024/25 Tax Card 2024/25 INCOME TAX ALLOWANCES 2024/25 2023/24 Personal allowance* £12,570 £12,570 Personal savings allowance Basic-rate taxpayer Higher-rate taxpayer Additional-rate taxpayer £1,000 £500 £0 £1,000 £500 £0 Dividend allowance at 0% £500 £1,000 Marriage/civil partner transferable allowance** £1,260 £1,260 [...]
