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The writing-down allowance (WDA) for capital assets will be lowered from April 2026 and a new first year allowance is introduced

Currently, companies can claim full expensing to deduct 100% of the cost of new and unused qualifying assets from their taxable profits. The annual investment allowance...

The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge

The loan charge was introduced in 2019 to tackle 'disguised remuneration' schemes, where workers were paid through loans instead of salary to avoid paying income tax and national i...

From April 2028 residential properties valued at £2m or more will attract a new high value council tax surcharge

Announced in the Autumn Budget, eligible owners (rather than occupiers) of properties identified as being valued £2m or more by the Valuation Office will pay this recurring annual surc...

The Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property

If you receive dividends; interest and other savings; or income from a property you rent out as a sole trader landlord you will see an increase in the amount of tax you...

Many employers offer salary sacrifice schemes enabling employees to give up some of their salary in exchange for an equivalent employer's contribution into their pension

If you sacrifice some of your salary to your pension, the amount you give up is not counted as taxable income so you do not pa...