Autumn Budget 2024 Key measures at a glance
Following Rachel Reeves’ budget earlier today we have summarised below the key tax changes and announcements she has made: Our full detailed guide on the Budget and our Tax Tables…
Tax
10,000 boost State Pension with online payments
More than 10,000 payments worth £12.5 million have been made through a new digital service to boost people’s state pension, HMRC has revealed. People have until 5 April 2025 to…
HMRC agree to make things easier with paper tax returns
HMRC’s decision to make it easier for taxpayers to file a paper tax return has been welcomed by the Low Incomes Tax Reform Group (LITRG). With less than a month…
IPSE calls for fairer off-payroll rules in Budget
IPSE calls for fairer off-payroll rules in Budget The Chancellor should use her Autumn Budget to make off-payroll working rules ‘fairer and more effective’, according to the Association of Independent Professionals…
Billion-pound tax bombshell to hit hospitality, warns trade body
The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UKHospitality. Hospitality and leisure businesses face…
Reforms to IHT, CGT and NI ‘could raise over £20 billion a year’
The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than £20 billion a year. The Foundation said…
HMRC urged to take action to defuse side hustle time bomb
HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG). The LITRG, which is part of the Chartered Institute of…
£5.5 billion lost as a result of tax evasion
An estimated £5.5 billion was lost due to tax evasion during 2022/23, according to a report published by the National Audit Office (NAO). The NAO stated that ‘significant weaknesses’ in government systems…
Young people reminded to reclaim government savings
Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said. Child Trust Funds are long term, tax-free…
Budget will be ‘pivotal moment’ for new government
The Autumn Budget will be a ‘pivotal moment’ for the new Labour government as it aims for sustainable economic growth, says the Confederation of British Industry (CBI). In its Budget…
End of content
End of content
Our Terms
Follow Us
Subscribe
© 2022 Simpson Wood – Website by Paladin
