Spring Statement 2025 – Review
Yesterday, Chancellor Rachel Reeves delivered her Spring Statement. We have sifted through the details and hope the following review, which we feel will be the most significant to our clients, will be helpful.
Yesterday, Chancellor Rachel Reeves delivered her Spring Statement. We have sifted through the details and hope the following review, which we feel will be the most significant to our clients, will be helpful.
HMRC have issued guidance confirming that from 31 March 2026 their online filing service for company accounts and tax returns will close.
Further information has been released by the Government on the increase in the trading allowance rate and when this will come into effect, but beware; the £3,000 is not a tax relief increase, only an administrative increase.
If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC. This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.
Further to our article in December 2024 and with the tax regime for furnished holiday lettings ending in April 2025, there are practical issues that affected property owners need to know about.
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.
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.
4 March 2025
National Apprenticeship Week 10-16 February 2025 This week is National Apprenticeship Week #NAW2025 and we caught up with Richard Ayre…
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...
Our online card payment function is now fully operational again.
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.