However the big decline in the annual CGT allowance – from over £12,000 a few years ago to just £3,000 from 6 April 2024 – has made it much harder to mitigate a potential capital gains tax bill. Putting assets into tax sheltersbeforethey make any gains has thus become even more...
Consumer costs that increase in line with the RPI include car tax, tobacco duty, alcohol duty and interest on student loans. Some mobile phone tariffs and train tickets are linked to the RPI figure, too. On the other hand, government spending tends to be linked to the lower CPI figure. ...
Value Added Tax (VAT) Imported goods in the country typically incur a standard 20% VAT rate. However, certain products like health items, fuel heating, and child car seats are taxed at a 5% VAT rate. While essential items like most food, books, and children's clothing a...
UK car makers welcome tariff-free exports extension Responding to the figures, Chancellor Jeremy Hunt said: "The medium-term outlook for the UK economy is far more optimistic than these numbers suggest." "We've seeninflation fallagain this week, and the OBR [Office for Budget Responsibility] ...
If you are an overseas entity without a permanent establishment within the UK, then you will continue to pay corporation tax in your country of incorporation. Currently, the UK corporation tax rate is 19%, but the rate is expected to increase to 25% starting in April 2023, affecting UK ...
11th October 2024 We explore the benefits of Capital Allowances and how they make electric vehicles economical for companies. Explore More What are the Tax Benefits of Leasing an Electric Car? 11th October 2024 What tax benefits do electric car lease deals offer businesses? We explore the...
11th October 2024 We explore the benefits of Capital Allowances and how they make electric vehicles economical for companies. Explore More What are the Tax Benefits of Leasing an Electric Car? 11th October 2024 What tax benefits do electric car lease deals offer businesses? We explore the...
New car registrations in the UK rose 1% year on year to 134,274 in April, the Society of Motor Manufacturers and Traders, or SMMT, said May 7. April was the UK car market's 21st consecutive month of growth and the best April performance since 2021. However, the data showed that ...
December 30 2024 UK government spending ‘Social value’ could be given more weight in deciding UK state contracts New public procurement rules set to allow more social enterprises and small businesses to bid in process Tax evasion and avoidance ...
June 28 2024 FT live news News updates from June 27: EU leaders endorse von der Leyen for second term; IMF urges US to tackle fiscal burden January 17 2024 Climate change London and other UK cities unprepared for effects of climate change ...