Browsing: Chancellor News
According to the National Institute of Economic and Social Research’s (NIESR) latest UK Economic Outlook, the Government is projected to fall short of its fiscal ‘stability…
The Chancellor’s decision to raise employer National Insurance contributions impacts major UK retailers.Tesco, employing 300,000, will see a £250m annual rise in tax from April.Overall, Tesco’s…
Despite extended thresholds, over 20% of first-time buyers face Stamp Duty.Current threshold for tax exemption is set at £425,000, lowering to £300,000 by 2025.The average London…
In today’s announcement, the Chancellor introduced changes to Stamp Duty Land Tax, aiming to stimulate the housing market.The reforms include a 5% increase in the higher…
Anticipated changes to inheritance tax gift reliefs may significantly impact current exemptions, according to experts.Current gift reliefs allow substantial gifts from individuals with high incomes, potentially…
The Office for National Statistics (ONS) has published revised figures for average earnings growth, crucial for state pension calculations.Previously estimated at 4.0%, the figure is now…
An increase in capital gains tax (CGT) is expected in the upcoming Autumn Budget, shifting the focus from ‘if’ to ‘when’ and ‘how much’.Speculation grows as…
The Chancellor is exploring a potential cap of £100,000 on tax-free pension cash, aiming to address the public finance deficit.Reports suggest this cap comes after think…
Speculation about changes to higher-rate pension tax relief has been halted by the chancellor, which experts view as beneficial for clients.Treasury officials advised against cutting the…
The chancellor is addressing electronic invoicing and tax evasion as primary concerns.There is an intention to bolster HMRC with 5,000 new officers over five years.An immediate…
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