Andrew Knott, Associate Director at Bevan Buckland LLP, summarises some of the initial key points of the 2024 Spring Budget to understand the implications.
From 1 July 2024, HMRC are changing their interpretation of the legislation that defines a car for tax purposes, which currently allows drivers of double cab pick-up trucks to enjoy significant tax breaks. Double cab pick-ups are currently classified as commercial...
Budgets and autumn statements are always a mix of economics, politics, ideology, theatre and the hidden. This one was the same. Looking at the statement as a whole, first impressions are that this was a more measured and rational budget statement than we have seen for...
Those with side hustles and freelance businesses will face a ‘tax crackdown’ as HMRC launches new rules effective from 1 January 2024. Jack Parker, Associate Director at Bevan Buckland LLP, explains these changes, how they will affect you if you earn a...
As announced at the end of May, from 5 April 2023 the threshold to prepare a Self-Assessment tax return (SATR) for individuals solely in receipt of PAYE income has increased from £100,000 to £150,000. This may affect a number of our clients and we will advise...