Please find below all the articles from April 2025.
A number of tax changes are set to take effect in April, with National Insurance contributions for employers and a facet of Capital Gains Tax among them.
Employer NICs will rise from 13.8%, as it stands now, to 15% from 6 April 2025. And there are changes afoot for the Secondary Threshold – the point at which employers
become liable to pay NICs on employees’ earnings. This will go down to £5,000 a year from 6 April 2025 until 6 April 2028, dropping from the…
A 25-year UK tax commitment related to Income Tax is set to be axed from next month.
As the new tax year begins on 6 April 2025, rules on The Official Rate of Interest (ORI) are finally set to change. In January 2000 it was decided
to not increase the rate during the tax year, and it has remained that way ever since.
HMRC is now highlighting the change through communications with businesses as we get near to the new tax year. The ORI is used…
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Changes to National Insurance contributions for employers have dominated much of the tax news headlines since being announced at the Autumn Budget.
But one element of the rules you may have missed concerns armed forces veterans. If you hadn’t realised already, there is a relief that applies for businesses
employing veterans. And this will apply for one year more at least, the Government has announced. So, the relief stays in place until April 2026.
Under this exemption, employers pay no employer National Insurance contributions up to…
Read MoreThe furnished holiday lettings tax regime is on the verge of being abolished.
Reforms were announced under the previous Conservative Government in Spring 2024 and are now set to take effect. The changes will come into force
firstly for Corporation Tax and for Corporation Tax on chargeable gains from 1 April 2025. And then for Income Tax and for Capital Gains Tax on or
after 6 April 2025.
Currently, the tax break makes it more profitable for second homeowners to let out their properties to holiday…
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