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📅 Big changes are coming with the new government and Chancellor Rachel Reeves! Here’s what to expect: 💸 First Budget Timing: Likely mid-September 2024. Labour plans one budget each year in late November but may adjust due to the recent election. ⭐️Key Focus Areas:⭐️ - Simplifying the Tax System: ICAEW calls for radical changes to reduce complexity and improve efficiency. - Main Policies: 🔹 VAT on private school fees. 🔹 Taxing carried interest as income. 🔹 Raising stamp duty for non-UK residents. 🔹 Closing loopholes in the windfall tax for oil and gas companies. 🔹 Publishing a business tax roadmap within six months. ⭐️What’s Not Changing:⭐️ 🔸 No increases in NIC, income tax, or VAT rates. 🔸 Corporation tax capped at 25%. 🔸 Key capital allowances remain, including full expensing. Stay tuned for more updates! 💼📈 #NewGovernment #TaxUpdates #Budget2024 #ICAEW

This year’s Autumn Budget is one week away – it takes place on Wednesday 30 October. ⬆️ Government warnings that the Budget will be ‘painful’ have fuelled speculation that we’re heading for more tax on investments, particularly capital gains tax (CGT). ❓ We won’t know whether these rumours are true until the day of the Budget. But we do know that over recent years, the CGT allowance has been falling – forcing more people to pay more tax. It was halved from £6,000 last tax year, to £3,000 this year. The dividend tax allowance has also shrunk, from £2,000 to £500. 💡 Whatever happens in the Budget, now could be a good time to secure this year’s ISA allowance. Risk of loss. See how to secure your allowance in minutes: https://hl.uk/3DF

📅 Big changes are coming with the new government and Chancellor Rachel Reeves! Here’s what to expect: 💸 First Budget Timing: Likely mid-September 2024. Labour plans one budget each year in late November but may adjust due to the recent election. ⭐️Key Focus Areas:⭐️ - Simplifying the Tax System: ICAEW calls for radical changes to reduce complexity and improve efficiency. - Main Policies: 🔹 VAT on private school fees. 🔹 Taxing carried interest as income. 🔹 Raising stamp duty for non-UK residents. 🔹 Closing loopholes in the windfall tax for oil and gas companies. 🔹 Publishing a business tax roadmap within six months. ⭐️What’s Not Changing:⭐️ 🔸 No increases in NIC, income tax, or VAT rates. 🔸 Corporation tax capped at 25%. 🔸 Key capital allowances remain, including full expensing. Stay tuned for more updates! 💼📈 #NewGovernment #TaxUpdates #Budget2024 #ICAEW

What can businesses expect from Labour's first Budget? Although Labour has pledged to maintain the current corporation tax rate, business owners should be aware of potential changes that could affect their tax liabilities, especially if they plan to sell assets. While it is important to avoid making any hasty decisions based on speculation, you should at least discuss your options with your financial adviser so you can then follow the right plan once any changes are announced. Read our Autumn Budget summary here: https://buff.ly/3TR4E57 #businessowners #businesstaxliability #financialadvice #autumnbudget2024

Big news from Budget 2024: Long-term capital gains tax rates are reduced, and indexation has been removed! 📉💡 Get ready for a new era of tax savings. TAGS {Finance Update, Long Term Capital Gains, Budget2024}

How Will Budget 2024 Affect Your Finances? Key Highlights: 1. Income Tax Slabs - No changes since 2014. - Potential adjustments for inflation. - Possibility of new highest tax bracket. 2. New Tax Regime: - Preferred by 63% of taxpayers with salaries above ₹7.5 lakh. - Expected updates to make it more attractive. 3. Standard Deduction: - Current limit is ₹50,000. - Potential increase to provide relief to salaried individuals. Stay tuned for more updates and detailed insights on Budget 2024! Disclaimer: This summary is for informational purposes only and not financial advice. Always consult a professional before making investment decisions. #budget2024 #finance #financeupdate

Autumn Budget 24: Income tax threshold freeze to be lifted in 2028/29. From the 2028/2029 financial year, income tax thresholds will be uprated in line with inflation once again, finally ending a freeze in place since 2022. Rt Hon Rachel Reeves, Mike Ambery, Standard Life UK, Gary Smith, Evelyn Partners. Check out @Laura Miller's latest article 👇 https://incm.pub/4hjv4H3 #autumnbudget #budget #budgetnews #financialadviser #investment #investmentmanagement #finance

Missed the Autumn Budget 2024 announcement? Gain valuable insights from our team of tax experts as they analyse the key takeaways and their implications for the UK economy and businesses. Watch the in-depth webinar featuring Caroline Harwood, Edward Gibson, Ben Handley, Aditi Hyett and Nina Skero, Chief Executive at Cebr, as they break down the most important changes and what they mean for you. Stay informed on the latest developments. https://utm.io/uhE4e #AutumnBudget2024 #BudgetInsights #TaxExperts #EconomicOutlook

If you missed our webinar, here are key takeaways from the budget. Either this or give us a call!

🔔 Anticipating the Autumn Budget 2024 🔔 With the new government's first Budget just around the corner on 30 October, we're starting to hear whispers of potential changes—especially around taxation. 💰 While much remains speculative, Labour has hinted at possible adjustments to non-dom rules, business rates for private schools, and stamp duty. Though tax hikes for “working people” are off the table, keep an eye out for tweaks to Capital Gains Tax (CGT) and Inheritance Tax (IHT). What are you most curious to see in this year’s Budget? Share your thoughts! 💬 #Budget2024 #UKFinance #TaxPlanning #InheritanceTax Image: www.gov.uk