Specialist Tax News

Rates from 1 April 2025 Corporation tax rates and thresholds for the financial year to 31 March 2026 remain unchanged as follows: Financial year to 31
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Despite numerous rumours of possible changes to the taxation of pensions in the run up to the budget, the Chancellor decided not to make significant changes
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The main rate of IHT remains at 40%, reduced to 36% for estates where 10% or more is left to charity. The IHT nil rate band
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Significant tax changes have been announced for UK resident non-domiciled individuals; namely those individuals spending most of their time in the UK but without permanently settling
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England and Northern Ireland - thresholds It has been confirmed that the 0% thresholds for Stamp Duty Land Tax (SDLT) will be reduced from 1 April
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Interest on unpaid tax liabilities From 6 April 2025, the late payment interest rate charged by HMRC on unpaid tax liabilities will increase by 1.5 percentage
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Date What’s Due 1 November Corporation tax payment for the year to 31/1/24 (unless quarterly instalments apply) 19 November Employer PAYE & NIC deductions, and CIS
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Many commentators are suggesting that the rate of CGT might be aligned with the rates of income tax, a return to the regime that applied when
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CGT changes normally take effect from 6 April, but there have been mid-year changes in the past. This possibility has caused many taxpayers to bring forward
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Many investors may be looking to realise capital gains on their investments at the current rates, just in case there is an increase with effect from
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Changes to pension tax relief seems to be top of the list of possible changes in the Budget and could yield more tax revenues than changes
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Under current pension rules, many pension funds allow pension scheme members to withdraw up to 25% of their pension savings tax-free. Finance Act 2023 limited the
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