With the General Election bringing potential for a Labour government led by Sir Keir Starmer, there’s speculation that VAT at the standard rate could be imposed on private school fees. Applying VAT to private school fees involves more than just increasing the...
When it comes to making tax advantaged pension contributions, one of the unfamiliar yet highly effective strategies for maximising pension contributions involves carrying forward unused annual allowances from the previous three tax years. This can be significant,...
A common question we are asked by directors is ‘what is the best way to take income from my company?’ There is an abundance of solutions, but which is the most tax efficient? This Tax Tuesday, we share our top strategies for extracting income from your company with...
As claims of an impending electric vehicle “crisis” surface following the government’s decision against reinstating grants for plug-in cars, understanding the evolving tax implications of electric vehicles (EVs) is crucial. This week’s Tax Tuesday explores the current...
Have you previously cancelled your child benefit entitlement due to the High Income Child Benefit Charge (HICBC)? Recent changes to the threshold and rates may prompt you to reconsider. In the Spring Budget last month, the government acknowledged the current bias...
Earlier this month, Jeremy Hunt delivered the 2024 Spring Budget, based on the Economic and Fiscal outlook provided by the Office for Budget Responsibility (OBR). In front of what can only be described as a raucous audience of MPs, Hunt outlined several policies that...
