by Alastair Wood | May 21, 2026 | Uncategorised
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...
by Alastair Wood | Nov 26, 2025 | Uncategorised
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...
by Alastair Wood | Oct 30, 2024 | Uncategorised
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...
by Alastair Wood | Oct 30, 2024 | Uncategorised
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...
by Alastair Wood | Nov 22, 2023 | Uncategorised
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 came true as he announced major changes...
by Alastair Wood | Mar 15, 2023 | Uncategorised
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...
