Knowledge Base

Despite various media labels of mini-Budget or even emergency Budget in the run up to 26 March, the Chancellor avoided any fresh tax measures

Introduced in 2005, pre-owned asset tax applies to assets previously owned by an individual but now used or enjoyed by them under certain conditions.

Implementing a salary sacrifice scheme can provide employers with substantial advantages, both financially and in terms of employee satisfaction

It is essential that anyone who may be affected by the non-dom changes gets specialist advice, as the taxation of non-doms is a notoriously complex area.

from April 2025, double-cab pick-up trucks with a payload of one tonne or more will no longer be taxed as light commercial vehicles but as company cars

Most notable among the changes the tax regime was the abolition of the concept of domicile and its replacement with a “residence-based regime”.

The biggest tax increase by far was a substantial increase in Employers’ National Insurance Contributions.

Succession plans, family trusts , will planning, lifetime gifts, employee ownership and solvent liquidations are among the tax planning options available

Securing funding is a critical step in any business journey. Understanding the various mechanisms and carefully considering your specific needs is crucial

We can help you remove the value of your unquoted trading company shares from your estate, while you retain complete control and voting rights.

HMRC's latest tax receipts reveals that overall tax revenue reached an estimated £827.74 billion in the 2023-24 fiscal year. A 5% increase compared to the previous year.