Tag: Budget

Budget Summary

Written by Tony Shackleford on December 2, 2024.

The key points of this years budget are: Inheritance tax – Business Property Relief and Agricultural Property Relief being reduced by approximately 50%. Capital gains tax for assets other than...

Agricultural Property Relief, Budget, Business Property Relief, Capital gains tax, employers nic, Employment allowance, Inheritance Tax

Taxation of Company Vehicles

Written by Tony Shackleford on November 12, 2024.

Benefit in kind tax is charged on cars supplied to employees by employers. Tax is calculated by mulitplying the list price of cars by a percentage, which is dependent upon the CO2 emissions of the...

Budget, budget 2024, car benefit, Electric cars, electric cars tax, fuel benefit, taxation of electric cars, van benefit

Budget March 2024

Written by Tony Shackleford on April 4, 2024.

The principal tax changes announced by the Chancellor in the March 2024 budget were: a) A further reduction in Employees NIC rates for the employed from 10% to 8% from 6 April 2024. No changes were...

Budget, capital gains tax on residential properties, Furnished holiday let, High Income Child Benefit Charge, National insurance contributions, Vat, VAT registration

Budget March 23 Summary

Written by Tony Shackleford on March 21, 2023.

The main measures notified in the 2023 budget by the Chancellor were: a) The removal of the lifetime allowance charge for pension savings. Prior to this measure, if an individual had pension savings...

Budget, Lifetime allowance, Pension savings, Pensions Allowance

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Tag: Budget

Budget Summary

Taxation of Company Vehicles

Budget March 2024

Budget March 23 Summary