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Global Market Commentary – February 2025

2025 has been a mixed year, so far. The winners of 2023 and 2024 are not currently faring so well, with US stocks lagging behind Europe and the UK as the “Magnificent 7” technology companies decline in value.

Tax Investigation Service

It is widely anticipated that HMRC enquiry levels will start to increase in the coming months as the new Government continue to face budgetary pressures.  Therefore, if you do not currently have cover, we suggest you give this service some consideration.

Webinar – Bank of England update from the Deputy Agent for Scotland

4 March 2025

National Apprenticeship Week

National Apprenticeship Week 10-16 February 2025 This week is National Apprenticeship Week #NAW2025 and we caught up with Richard Ayre…

Global Market Commentary – January 2025

A Rollercoaster Start to the Year -
2025 has begun with the market’s focus flipping between different topics at a lightning pace. Firstly, government bond yields spiked higher and created alarm about budget deficits. However, lower inflation data made those fears subside and led to a strong rally...

Online card payment processing operational

Our online card payment function is now fully operational again.

Global Market Commentary – New Year’s Review

We are at a point in time where US stocks are dominating all others, in terms of both their outright size and the strength of their returns. In 2024, the MSCI USA index gained 24.6%, almost double the 12.4% return achieved by the rest of the world (MSCI World ex-USA). However, 2025 does bring a mixed outlook for unemployment and inflation, in the US and elsewhere, therefore it will be interesting to see if investment returns can remain so strong in the coming year.

Successful Autumn Rural Seminars

Greaves West & Ayre recently held two successful and well-attended Port Budget Rural Seminars.

Christmas and New Year Office Hours

Our Festive Opening Hours for our Offices are detailed below -

Payroll Changes

Attention! An important change in legislation will be taking affect in April 2026 which will affect payroll processes.

Another U-Turn On Double Cab Pick-ups

As you may be aware, in February 2024 HMRC proposed a change in relation to the tax treatment of double cab pick-ups for both capital allowances and benefit in kind (BIK) purposes. They then quickly changed their mind around a week later and decided not to implement the changes. However, following the most recent Budget the Government have again decided these changes should be put in place.

Abolition of the Furnished Holiday Lettings Regime

The favourable tax regime for Furnished Holiday Lettings (FHLs) was first introduced in 1984. Forty years later, in the Spring 2024 Budget the then Chancellor of the Exchequer, Jeremy Hunt announced its abolition from 6 April 2025.