Changes to the High Income Child Benefit Charge The government announced the changes to the High Income Child Benefit Charge, and an increase to the threshold to £60,000 from 6 April 2024, with a taper up to £80,000. The charge will be 1% of the Child Benefit for...
We would like to inform you of significant upcoming changes to the Construction Industry Scheme (CIS) that will take effect from 6 April 2024. These changes aim to streamline processes and enhance compliance measures within the construction sector. Key Updates: 1....
There are lots of positives in relation to NEST pensions, but that does not mean it is the best option for you. There are also some significant negatives. Whether NEST is a good option for you depends on your personal circumstance! So, what are some of the positives? ...
From 1 April 2023, the main rate of corporation tax increases to 25%, but companies with sufficiently small profits will continue to pay only 19%. Under the new rules The small profits rate of 19 % will apply if a company’s relevant profits (referred to as its...
National Insurance Contributions (NICs) Reduction – Employee NICs rate cut from 10% to 8%, starting April 6, 2024 – Self-employed main rate Class 4 NICs reduced from 9% to 6% – Abolition of the Class 2 NIC requirement for the self-employed...
If you have a high attitude to risk and a high-income tax bill, VCT and EISs may be appropriate for you given their significant tax benefits! Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) are complex tax planning products designed to encourage...
