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Spring Budget 2024 – Whitefield’s Summary

by Jessica Garbett | Mar 6, 2024 | budget, business taxation, capital taxation, personal taxatation, VAT

Having had chance to peruse the budget speech today, and associated documents, here is our take on the main announcements. Spring Budget 2024

Budget 2024: High Income Child Benefit Charge threshold

by Jessica Garbett | Mar 6, 2024 | ACCA, budget, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Changes coming for parents earning £60,000 and above The government will introduce legislation in the Spring Finance Bill 2024 to increase...

Budget 2024: Non-dom status to be abolished

by Jessica Garbett | Mar 6, 2024 | ACCA, budget, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New residency-based system to be introduced from April 2025 The government will abolish the remittance basis of taxation for non-UK domiciled...

Budget 2024: National Insurance contributions cut

by Jessica Garbett | Mar 6, 2024 | ACCA, budget, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA As widely expected, employees and self-employed will benefit from a 2% NI cut The government will introduce legislation to reduce the main...

Brushing up on pension contributions

by Jessica Garbett | Mar 1, 2024 | ACCA, business taxation, pension reform, pensions, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Get your end-of-year planning in place Provided that a contribution to a registered pension scheme meets the test of ‘wholly and exclusively...

Tax Repayment Agents – ASA and HMRC enforcement notice

by Jessica Garbett | Jan 29, 2024 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Efforts are being made by HMRC to improve the tax repayment agent market In a bid to raise standards in the tax repayment agent market, the...
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