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 ...
Published by Mathilde Carlier, Oct 4, 2024 In 2023, there were 1.90 million new passenger cars registered in the United Kingdom. This was an 18 percent increase compared to the previous year. The UK new car market has recorded its best year since the pandemic. The growth in 2023, was ...
UK Car Sales Post Increase for First Time in 14 MonthsUK CAR sales rose for the first time in more than a year lastmonth, as increasingly green and...By BawdenTom
British Auto Marketstagnates in 2024. New car passenger sales in October totaled 143,824 (-4.8%) with YTD figures at 1,65 million (+3.7%). BMW moved up 3 spots to claim 3rd position (+19.8%), closing in on Audi and Volkswagen. Market Trend and Outlook The UK’s GDP growth is expe...
In Rachel Reeves’s 2024 Autumn statement, she announced the following developments: Changes to National Insurance –Employers’ national insurance contributions will rise to 15% from April 2025. Read more in our article on income tax in the UK. Capital gains tax increase –The lower rate will ...
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. ...
British finance minister Rachel Reeves, who is due to make her inaugural tax-and-spending autumn statement, has warned some taxes might increase in the Oct. 30 budget. Reeves is expected to change the government's fiscal rules for bringing down public debt, which coul...
These road tax bands are dictated by how old your vehicle is, along with its CO2 emissions. If your car is valued over a certain amount, this can also increase your vehicle tax rates. Understanding what tax class your vehicle is Knowing what road tax band your car is in is essential ...
Capital gains tax rates The capital gains tax regime was simplified in Labour’s October 2024 Budget. Unfortunately the same Budget increased CGT rates, too. The specific rate you’ll pay on your gains depends on your total taxable income. ...
October 4 2024 Electric vehicles UK drivers have ‘no fiscal incentive’ to buy EVs, warn carmakers Industry calls for tax cuts to boost market in open letter to chancellor Rachel Reeves September 18 2024 British Steel Ltd British Steel reveals losses deepened eightfold ...