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Ian Marlow
Summary The long awaited, much anticipated and dreaded first Budgetof the new Labour government was delivered to Parliament today – 30 October2024 – by the Chancellor, Rachel Reeves. We now know where the funds will come from to financeinvestment and growth, and the vaunted tax increases are no longer speculative,we have the detail. The impact of the proposed...
The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the reforms, the tax basis period has changed from a ‘current year basis’ to a ‘tax year basis’. This means that all sole trader and partnership businesses must now report their profits on a tax year basis, beginning...
There have been a number of significant changes to Companies House fees. These changes took effect on 1 May 2024. The last significant change in fees occurred in April 2016. The new fees have been calculated on a ‘cost recovery’ basis meaning that the fees are calculated based on what it costs to provide the services...