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October 2022: Mini-Budget Update

On 17th October 2022, Chancellor Jeremy Hunt made a series of changes to the Mini-Budget announced in the previous month. The changes reversed many of the proposed plans put forward in the mini-budget announced just a few weeks prior. We’ve summarised...

September 2022 Mini-Budget Summary

The government has provided a mini-budget to introduce a variety of tax cuts as a means to ease the burden of the current economic climate. The mini-budget includes cuts to income tax, stamp duty and a reversal of the national insurance...

What Is Corporate Restructuring?

Corporate restructuring is the most commercial and tax-efficient solution for businesses with several companies. Streamlining the business structure can provide more business opportunities to expand and grow whilst reducing day to day costs. It is also a popular option for a...

Are you paying too much Inheritance Tax?

HMRC collected £6.1 billion in Inheritance Tax How does this compare to previous years? The £6.1Bn represents a 14% jump on the previous years collected. This is the single largest rise since the 2015-16 financial year. The average IHT bill has increased...

The New Entrepreneurs Relief

What is the replacement to Entrepreneurs Relief and how does it work? What’s the background? BADR is a relief for individuals which may be available for certain business disposals. It provides relief on Capital Gains Tax by charging the first £1million of...

You need to register your Trust!

All trusts, even those without tax liabilities must now be registered by 1 September 2022. What’s the Background? Historically, it has only been a requirement to register a trust with the Trust Registration Service (TRS), in the main, where you have a...

Does your business need new equipment?

You can now get deductions from profits of 130% on certain business purchases What’s the background? Since the impact of Covid – 19, both in the UK and globally, levels of business investment have fallen with UK recording a reduction of 11.6%...