The American presidential election may have significant effects on the United Kingdom, impacting various aspects of the relationship between the two countries. Here are some key areas where the UK might feel the...

Interest rates are a powerful lever in our economy. Increase rates and economic activity tends to slow down, and vice versa if interest rates fall.

The recent hikes in rates, to control inflation, were reversed recently when the Bank of...

Since Rachel Reeves was appointed Chancellor of the Exchequer in May 2024, she has made several significant announcements aimed at addressing the UK's economic challenges as well as the much publicised tax changes already described in...

Tax relief on private pension scheme contributions is a significant incentive in the UK, encouraging individuals to save for retirement. Here’s how it works according to GOV.UK:

1. Basic Rate Tax Relief (20%):...
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Liz Kendall recently set out how Britain’s system of employment support must be fundamentally reformed to tackle the “most urgent challenge” of spiralling economic inactivity.

In a Department for Work & Pensions...

From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed in the same way as other property businesses.

Currently, FHL owners benefit from tax...

The following notes are copied from draft legislation published by HMRC, to be included in the Finance Bill 2024-25.

• As of 1 January 2025, all education services and vocational training supplied by a private school, or a...
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In a recent announcement to parliament, the Chancellor confirmed the current year deficit in the government finances of £22bn.

She set out some of the reductions in public expenditure to close the deficit but hinted that there may...

1 August 2024 - Due date for corporation tax due for the year ended 31 October 2023.

19 August 2024 - PAYE and NIC deductions due for month ended 5 August 2024. (If you pay your tax electronically the due date is 22 August...

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market value of the business assets including goodwill. This could give...