jmb@hawsons.co.uk Property income tax changes and savings income tax changes are also on the way from April 2027. Here is how they fit together and what to consider now. At the 2025 Autumn Budget, the UK Government confirmed changes to dividend tax rates that will...
sac@hawsons.co.uk aaronhemmington@hawsons.co.uk The Chancellor held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy...
The Government has confirmed further changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) following the November Budget. These updates will be included in the Finance Bill next month and will affect Inheritance Tax planning for farmers and...
aaronhemmington@hawsons.co.uk For most owner managed businesses, deciding what to do with company profits is a familiar and recurring challenge. Whether you are looking to extract profits for yourself, reinvest in your business or planning for the future, having a...
With the festive period now approaching, we are often asked by employers about the tax treatment of providing a staff Christmas party or giving Christmas gifts to employees. Here is a quick reminder of the rules for the tax year 2025/26.STAFF PARTIES What Christmas...
As part of H M Revenue & Customs goal to achieve being digital by 2030, with 90% of customer interactions being online, today they have announced a new online service for workers to take control of their tax affairs. To stay in line with the current technology...
If you've been under the impression that Inheritance Tax (IHT) changes are a distant concern, it's time to reconsider. Recent reforms are set to significantly impact business owners and farmers, particularly those with businesses or farms with values exceeding £1...
The Removal of the Remittance Basis of Taxation From 6 April 2008, individuals who were UK residents, but non-domiciled (‘non-doms’), had the option to be taxed on a ‘remittance’ basis. Under these rules, foreign income and gains were not taxed in the UK unless they...
Following numerous delays, Making Tax Digital for Income Tax (MTD for IT) is only a year away from being made compulsory for individuals with an annual gross rental income and/or a gross self-employed income of over £50,000. The income threshold will be lowered over...
Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...
Spring Statement 2025 SummaryChancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and...
Considering popping the question on Valentine’s Day? Here we look at some of the various tax credits and breaks married couples can benefit from and how it can pay to get married. The Marriage Allowance | Inheritance Tax | Pay less Capital Gains Tax | Reduce Income...