Tax News - Wilson Partners
Tax News July 2024

July 2024 – Tax News

General Election 2024 - what are main parties saying about tax? Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT...

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Property News July 2024

Property Newsletter – July 2024

In this edition of our newsletter we take a look at the main political parties’ election manifestos to see the pledges that may be of interest to property landlords.

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Tax News June 2024

June 2024 – Tax News

Well if a week is a long time in politics, well then the month since our last newsletter has been ample time to announce a general election and see the main parties hot on the campaign trail.

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Property News June 2024

Property Newsletter – June 2024

On 9 May 2024, the Bank of England announced that the interest base rate will be held at 5.25%. The governor has said that he is "optimistic that things are moving in the right direction"...

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Tax News May 2024

May 2024 – Tax News

It’s full steam ahead as we head towards summer and as ever there’s always something interesting to report on the tax front.

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Property News May 2024

Property Newsletter – May 2024

In Budget 2024, which took place on 6 April, the Chancellor announced that the concept of Furnished Holiday Lettings (FHLs) will be abolished from 6 April 2025.

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Tax News April 2024

April 2024 – Tax News

In this April issue we highlight some of the key tax changes that take effect from the start of the new tax year. Unfortunately, most of the income tax and national insurance thresholds continue to be frozen, resulting in an increasing number of...

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Property news April 2024

Property Newsletter – April 2024

The UK Spring Budget took place on 6 April 2024. Several measures were announced that are of particular relevance to property landlords.

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February 2024 – Tax News

February 2024 – Tax News

It’s not too late to undertake some end of year tax planning. If you have some spare cash, an obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each).

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Tax News December 2023

December 2023 – Tax News

In addition to income tax, all employees earning more than £12,570 a year pay Class 1 NICs. The main rate of Class 1 NICs will be cut from 12% to 10% from 6 January 2024. This will come into effect from January 2024...

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Picture of chancellor squeezing tax

Jeremy Hunt’s Autumn Statement 2023

We’ve put together a summary of the key points from Jeremy Hunt's Autumn Statement. Download our free report.

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Wilson Partners Tax News 2023

November 2023 – Tax News

The clocks have gone back, the Christmas ads are in full flow and that can only mean one thing – the Chancellor’s Autumn Statement is just around the corner. With a general election looming, it’s difficult to second guess what treats Mr Hunt might...

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Man holding suitcase surrounded by question marks

Hunt’s budget U-turn

It is a good time to look at your business’s strengths, weaknesses, opportunities and threats and get a clear understanding of its position in the marketplace, the competition, the systems and the way things are done and the improvements that coul...

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Tax news update – mini budget September 22

In a week that began seeing the nation come together to bid farewell to our longest serving monarch, Queen Elizabeth II, we also waved farewell to the planned tax hikes as well as further tax cuts elsewhere. Oh and not forgetting another interest ...

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R&D Tax Credit is changing in April 2023 – sign up to find out response to the Finance Bill 2022

The draft legislation for the Finance Bill 2022 was released last week containing details of the proposed changes to R&D Relief that were trialled during the Spring Statement.

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Making Tax Digital for VAT

Business and financial news June 2022

HMRC have issued guidance for VAT-registered business and their agents on how to avoid penalties for non-compliance with the Making Tax Digital for VAT (MTD) rules.

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WP June tax news

June 2022 Tax News

With an impromptu ‘mini budget’ last month, we wait with baited breath to see what impact the Chancellor’s redistribution of wealth has in the near term, added to a double bank holiday, Jubilee celebrations and hopefully some good weather

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R&D Tax Incentives are changing from April 2023 – make sure you know the rules!

Following the announcement in the Autumn Budget that there would be a review of the current R&D relief schemes. The treasury has issued a consultation document and we now have further details on the proposed changes to the R&D regimes.

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March 22 Tax News

March 2022 – Tax e-news

The Office for Budget Responsibility will be working furiously on its forecasts ahead of their outlook for the UK economy to be released on 23rd March as part of Chancellor Rishi Sunak’s spring statement.

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February 2022 – Tax e-news

With Spring on the horizon there’s already talk of a mini-budget in March and some tax announcements, whether they will be welcome or not remains to be seen, but there is at least welcome news if you missed yesterday’s tax return deadline.

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HMRC urge businesses to carry out due diligence into their labour supply chain

To increase compliance with the off-payroll working rules in the private and voluntary sectors, organisations receiving an individual’s services (where the individual works through their own intermediary, most commonly their own limited company) a...

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Tax E-News April 2021

NEW PERSONAL SERVICE COMPANY RULES START THIS MONTH The “off-payroll” working rules that apply to certain workers supplying their services […]

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Tax E-News March 2021

Tax News March 2021

As the weather warms up so does the heat on Rishi Sunak to keep a lid on tax increases for […]

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Construction industry VAT Reverse Charges.

Construction industry VAT reverse charge – download the full details here

If you're in the construction industry then it is likely this affects you, so be sure you're aware of the facts. You can download the full details here and of course, don't hesitate to get in touch, should you have any questions.

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Tax E-News February 2021.

Tax E-News February 2021

BUDGET DAY IS 3 MARCH There has been a lot of speculation on what will be in Rishi Sunak’s second […]

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Tax E-News January 2021

Tax E-News January 2021

NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also […]

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