Personal Tax

Tax | Budget 2024: UK ISA allows an extra £5k

Jeremy Hunt announced the introduction of a new UK ISA which extends the tax-free allowance to £25,000

7 Mar 2024

Tax | Budget 2024: air passenger duty hike for business class

Business and first class travellers will face higher air passenger duty as a result of the Budget, with increases of up to 11%

7 Mar 2024

Tax | Budget 2024: self employed NICs reduced to 6%

As part of cuts to national insurance for all workers, the Chancellor cut national insurance for self employed to 6% from April

6 Mar 2024

Tax | Budget 2024: CGT for landlords cut by 4%

In a move to support the housing market, at the Budget the Chancellor cut capital gains tax on sales of second homes and additional residential properties to 24%

6 Mar 2024

Tax | Budget 2024: abolition of non-dom status

The Chancellor plans to abolish the non-dom regime from 2025, replacing it with a residency based system

6 Mar 2024

Tax | Budget 2024: High Income Child Benefit Charge up to £60k

The Chancellor will increase the high income child benefit charge threshold from £50,000 to £60,000 from April 2024

6 Mar 2024

Tax | Budget 2024: employee national insurance cut by 2p

For the second time this year, the Chancellor will cut employee national insurance by 2p to 8% from the new tax year

6 Mar 2024

Image for aimless triple lock will pull more pensioners tax

Tax | ‘Aimless’ triple-lock will pull more pensioners into tax

The state pension is predicted to surpass the lowest tax threshold by 2028 leaving thousands of pensioners at risk of tax bills

5 Mar 2024

Tax | Chancellor should raise tax thresholds, say accountants

Amid rumours that the Chancellor plans to cut 2% off national insurance in the Budget, accountants warn that frozen thresholds are much more damaging

5 Mar 2024

Image for cpd module cgt and offshore trusts 0

Tax | CPD module: CGT and offshore trusts

In this month’s exclusive Accountancy Daily CPD learning module we explain how capital gains tax (CGT) is charged on offshore trusts

5 Mar 2024

Tax | Accountants lose £196k Aikido tax avoidance dispute

Two directors of accountancy firm Winn & Co (Yorkshire) Ltd will have to pay tax on a £196,930 payout of distributable reserves after a Court of Appeal ruling

4 Mar 2024

Tax | Serial gambler must pay £110k tax bill

Nine years of HMRC discovery assessments into an aspiring pro poker player resulted in a demand for £110,842 in unpaid income tax and penalties

1 Mar 2024

Tax | Chancellor considers non-dom tax reform

With the usual high level of pre-Budget rumours, the Chancellor is apparently mulling plans to overhaul the non-dom tax regime

1 Mar 2024

Tax | Warning to avoid Procorre offshore tax avoidance scheme

A Singapore based LLP has been called out for running an offshore tax avoidance scheme allowing contractors to avoid paying income tax and National Insurance

29 Feb 2024