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Spring Budget 2024

The Chancellor Jeremy Hunt delivered his Spring Budget on Wednesday 6 March 2024. His focus was on updating the tax regime for non-domiciled individuals and supporting working families. The proposed ...

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Autumn Statement 2023

The Chancellor Jeremy Hunt delivered his Autumn Statement on Wednesday 22 November 2023. His focus was on encouraging investment into UK businesses, however there were some changes that may affect ...

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Non-Domiciled - What is a Non-Dom and what is the Remittance Basis?

There has been a huge amount of press around the fact that Rishi Sunak’s wife, Akshata Murthy, is a “non-dom” and able to access the “remittance basis of taxation”.In case it isn’t clear this isn’t a ...

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CGT Hike Looming?

The Sword of Damocles hanging over UK investors is the continued threat of hikes in capital gains tax (“CGT”) rates. The rates of capital gains tax are currently very competitive, with CGT charges at ...

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HMRC issues damning impact statement on the new Health and Social Care taxes

Further to the government’s announcement on 7 September 2021 HMRC have now released their less than positive impact statement on the 1.25% NICs increase.

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Prime Minister announces dividend and NICs tax rate increase

Boris Johnson has today announced a 1.25% health and social care tax across the UK to help the NHS recover from the Covid pandemic. This will initially be collected via a 1.25% rise in National ...

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Is Tax Evasion On The Rise?

A recent freedom of information request shows a slight drop in the number of reports of suspected tax evasion made by members of the public and businesses in the last tax year. Unfortunately, it ...

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Footballers beware!

Football is currently providing rich pickings for HMRC as illustrated by a recent Freedom of Information request.

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You couldn’t make it up!

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Some of us remember the first time they scurried along to the dusty stamp office and hesitantly asked a gruff Inland Revenue officer to put wax stamps onto a form and then ran back to the their ...

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