Tax Tips and News
Tax changes to progress to law in the new year
Newsletter issue – January 2025 The 2024-25 Finance Bill is on course to complete in the new year. This will enact the many tax measures announced in the Autumn Budget into law. The Government has published an official document entitled 'Overview of tax legislation and rates', detailing the main changes set to take effect following…Read More
Self-Assessment scammers warning as January deadline nears
Newsletter issue – January 2025 It's sadly become all too common a trend in recent times, that the Self-Assessment Tax Returns deadline has become a time for criminals to exploit and target. Attempts to scam the self-employed and others filling out their forms before the 31 January are ramping up, officials have warned. In particular,…Read More
Treasury coffers swell from IHT bills - even before imminent reforms set in
Newsletter issue – January 2025 Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget. We've seen farmers staging significant protests in London regarding changes to how agricultural properties are taxed when it comes to IHT. But it seems that IHT receipts are rising swiftly even…Read More
Stamp Duty tax receipt trends revealed in new reports
Newsletter issue – January 2025 Among the changes we saw at Budget 2024 related to Stamp Duty - the tax you pay when you buy a new property. And a raft of new statistics has been released in the last couple of weeks, suggesting a significant trend downwards in terms of the amount of money…Read More
January Questions and Answers
Newsletter issue – January 2025 Q: I use various online marketplaces to sell my unwanted items - from clothes to old phones and various other things. I'm a bit concerned though by stories I've read in the media that rules are changing and I may have to start filing a tax return. That's not something…Read More
January Key Dates
Newsletter issue – January 2025 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC 22nd Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter. 31st Deadline for filing…Read More
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