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October 2024

Autumn Budget 2024: What are the Expected Tax Changes for the 2024 Autumn Budget

When is the budget taking Place? There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October.   Speculation is rife regarding the likely targets for tax changes and increases. We have listed a few of the more persistent predictions below. But note, these are just predictions, and there will no doubt be “surprises” when the Budget details are released.

Jonathan Green
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Verify an email from HMRC | How do I know if a message from HMRC is genuine?

How to make sure communications with HMRC are not a scam A few months ago, we posted a blog about the importance of remaining vigilant regarding HMRC Communications. Scammers often disguise themselves as HMRC.

Mike Wakeford
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How much is the Uk State pension? | Check your State Pension age

The state pension age in the UK is the earliest age you can start claiming your state pension. This age depends on when you were born. The state pension age is currently 66 for both men and women but will increase again from 6 May 2026 to 67 for those born on or after April 1960.

Mike Wakeford
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How to claim Corporation Tax Trading loss carry back? | Relief for company tax trading losses

Corporation Tax relief may be available when a company or organisation incurs a trading loss, a loss on the sale or disposal of a capital asset, or property income. The loss may reduce Corporation Tax by offsetting it against other profits or gains from the same accounting period.

Mike Wakeford
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When must you become VAT registered? | Will the VAT threshold go up in 2025?

The taxable turnover threshold for VAT registration is currently £90,000 and has applied since April 2024. This will continue to be the case for 2025.

Mike Wakeford
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Top 5 Tips for Improving Cash Flow: Essential Guide for Business Success

‘Cash flow’ refers to money entering and leaving your company. Not having sufficient cash is one of the most significant factors in companies failing, even when they are trading profitably.

Kathryn Moran
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