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Catch up on the latest news in accounting here, from cutting edge bookkeeping technology to self-assessment updates.

Autumn Budget 2024 – Alcohol and Tobacco Duty

Autumn Budget Alcohol and Tobacco Duty

As part of the Autumn Budget measures the Chancellor announced that the duty rates on tobacco products were increased by 2% above the rate of inflation (based on RPI) effective from 6pm on 30 October

Autumn Budget 2024 – Fuel Duty rates

Autumn Budget Fuel Duty rates

In the Autumn Budget, the Chancellor had been widely expected to increase fuel duty rates. However, in a surprise announcement she extended the fuel duty cut for a further 12 months to help support

Autumn Budget 2024 – Higher rates of SDLT

Autumn Budget Higher rates of SDLT

It was announced as part of the Budget measures that the higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties will increase to 5% (from 3%) for transactions

Autumn Budget 2024 – Inheritance Tax changes

Autumn Budget – Inheritance Tax changes

A number of changes to Inheritance Tax (IHT) were announced as part of the Budget measures. We have covered each of the main measures below. It should be noted that these changes are not coming into

Autumn Budget 2024 – Capital Gains Tax

Autumn Budget – Capital Gains Tax

In the Budget it was announced that the rates of Capital Gains Tax (CGT) are to be increased with immediate effect. The main rates of CGT that apply to assets other than residential property and

Autumn Budget 2024 – NIC changes

Autumn Budget – NIC changes

As had been widely predicted, the Chancellor announced increases to the rate of National Insurance contributions (NICs) that are paid by employers. The main rate of secondary Class 1 NICs will

Autumn Budget 2024 – Minimum Wage increases

Autumn Budget – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates on the eve of the Budget. The Chancellor confirmed that the government has accepted in full the

Budget summary 30 October 2024

Budget summary October

The long awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament today – 30 October 2024 – by the Chancellor, Rachel Reeves.

We now know where the

Is Income Tax morphing into a stealth tax?

Is Income Tax morphing into a stealth tax?

It is rumoured that the Chancellor will delay any increase in the Income Tax higher rate tax threshold beyond the present April 2028 freeze.

The UK Income Tax higher-rate threshold was last increased

Crackdown on insurance fraud

Crackdown on insurance fraud

Insurance companies have united to step up efforts to crack down on fraudsters seeking to manipulate the UK insurance market with bogus claims and duping innocent people into buying fake insurance

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