Increases in income tax rates on investment income The 2025 budget introduced an increase in the tax rates on investment income. Those old enough may remember the Labour government of the early 1970s, the last time an added surcharge was placed on investment, as opposed to earned, income. At its height the surcharge got up…
New Advisory Fuel Rates (Effective 1 September 2026) 1. Petrol Vehicles Up to 1,400cc: 14p per mile (No change) 1,401cc to 2,000cc: 17p per mile (No change) Over 2,000cc: 27p per mile (Increased by +1p) 2. Diesel Vehicles Up to 1,600cc: 15p per mile (No change) 1,601cc to 2,000cc: 16p per mile (Decreased by -1p)…
For Directors of Limited Companies Clients should consider reviewing their Company’s financial position 5 to 6 weeks before the end of the financial year. Once your year-end date passes, most tax-planning opportunities for this trading period are legally locked out. 5 Key Action Items to Review Before Year-End 1. Employer Pension Contributions To qualify for…