The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
A brief over view of the tax changes announced in the October 2024 budget
Did you know that there is a band of income, between £100,000 and £125,140, when your income in this band is effectively taxed at 60%.
Reports suggest there could be up to 670,000 young people (aged between 18 & 22) who along with their parents, are unaware they have a child trust fund!
Following the change in threshold you may need to restart claiming child benefit
Savings interest creating tax charges not seen for a long time
A review of the furnished holiday let tax changes taking effect April 2025
