You may have seen one of the early 2024 tax stories popping up in many of the national newspapers relates to a so-called ‘side hustle tax’. Is it really a tax? No. Yet we’re seeing it reported as a ‘New… Read more
It might seem like only a few weeks ago that we had the Autumn Statement, but already we’ve had news in the early days of 2024 that the next Budget is on its way. And with that, a swirling mass… Read more
Are you aware of Business Asset Disposal Relief (BADR)? You may not have heard of it before, but you probably are familiar with Capital Gains Tax (CGT). BADR is a type of CGT relief. It becomes relevant if you’re selling… Read more
Apprenticeship Levy This is used to fund apprenticeship training in England and is a cost to employers. There was no mention of changes; therefore, the following apply in the tax year 2024/25: – Levy Allowance (per employer) £15,000– Levy Charge… Read more
Capital AllowancesA Corporation Tax 100% First Year Allowance was introduced in the Spring Budget for the period 01 April 2023 to 31 March 2026. Known as ‘full expensing‘, this replaced the 130% super-deduction, which ended on 31 March 2023. In… Read more