The new UK British ISA UK chancellor Jeremy Hunt revealed the British ISA as part of the Spring Budget 2024. The British ISA aims to boost demand for UK businesses and encourage investment in UK-focused assets. Key Features Additional Allowance The British ISA provides a separate £5,000 annual allowance in addition to the existingRead More →
Spinning the benefits of a tax cut scenario as Chancellor Jeremy Hunt hints at further tax cuts The Chancellor, Jeremy Hunt, has given strong hints that he wants to cut taxes in the spring Budget. Mr Hunt reportedly said that countries with lower taxes have more ‘dynamic, faster growing economies.‘Read More →
Are you selling online and making a little extra income? Well, if you are, as from 1st January 2024 you will now fall foul of UK tax rules if you do not declare the income generated from these sales. Companies like Etsy, eBay, Vinted, Airbnb etc. are obliged to collectRead More →
Some of the main takeaways from the chancellor’s autumn statement November 2023 National Insurance rate cut from 12% to 10% from 6 January, affecting 27 million people. The 75% business rates discount for retail, hospitality and leisure firms in England extended for another year. Class 2 National Insurance – paidRead More →
Microsoft has said it will contest a U.S. tax authority’s request to pay an additional $28.9 billion (£23.5 billion) in back taxes for the years 2004 to 2013. The Internal Revenue Service (IRS) has been auditing how the firm allocates profits among countries and jurisdictions. Microsoft reportedly said, ‘the issues raised byRead More →
It has been suggested Rishi Sunak and Boris Johnson have overseen biggest tax rises since the Second World War ‘Fiscal responsibility’ – code words for ‘cock-up!’ Chancellor Jeremy Hunt and Prime Minister Rishi Sunak have stressed the need for ‘fiscal responsibility’ amid still-high inflation and rising debt costs. According toRead More →