Approved mileage rates increase
For the first time since 2011 the approved mileage rates increase which have been long awaited and announced in the Commons by Chancellor Rachel Reeves today 21 May 2026. The major change was to the 45p/mile rate which has increased to 55p from the beginning of the...
Budget Statement 2025
This Budget Statement 2025 seems to have been even more anticipated than the 2024 version when the incoming government forewarned of cuts in services and tax rises to fill the black hole left by the Conservatives. Speculation has been rife and already changes to NI...
Spring statement 2025
The Spring statement 2025 was full of political rhetoric, every announcement was followed by promised by this government, delivered by this government, opposed by the parties opposite. The most significant statement from a tax perspective was that we would...
Employers NI Changes in 2024 Budget
You will have seen the headline announcements in the Labour Budget 2024 of an increase in the rate of employers NI from 13.8% to 15% with a drop in the threshold at which it is payable from £9,096 to £5,000. Thankfully for smaller employers there was also the...
Labour Budget 2024
The Labour Budget 2024 was expected to introduce some big increases in taxes as announced after the election with a black hole in public finances left by the Conservative government who had allegedly kept the Office for Budgetary responsibility in the dark about some...
Spring Budget 2024
The Spring Budget 2024 has been touted for some time to offer tax cuts in advance of an Election within the next 12 months and lived up to expectation. The extensions of fuel and alcohol duty freezes for 12 months backing this up. There were relatively few...
Autumn Statement 2023
Advance news suggested that NI rates would be reduced in the Autumn Statement today, using the Fiscal drag which is the effect of not increasing tax free bands while wages continue to increase, effectively a stealth tax. This...
Spring Budget 2023
The Spring Budget 2023 was Jeremy Hunt’s first budget, the autumn statement was an emergency measure after the catastrophic budget under Liz Truss. The focus was on growth and encouraging employment in particular, rather than overall tax changes. The...
Autumn Statement 2022
In his Autumn Statement 2022 new Chancellor Jeremy Hunt set three priorities: Stability, growth and public services. Certainly the tax burden seems to be set for some time, a number of taxes until April 2028 which gives...
Filing the Companies House Confirmation Statement
There has been a change in filing the Companies House Confirmation Statement since it was introduced in 2016 in replacement of the better named Annual Return. If you shop online then you can certainly file a confirmation statement and pay for it. It can easily be...