From April 2025, both long-term and short-term (holiday) lettings will be subject to the same tax treatment.
Abolition of the Furnished Holiday Lettings regime
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VAT threshold increase, extra resources for HMRC and changes to HICBC
VAT registration threshold increased for the first time in seven years.
Will Artificial Intelligence help improve public sector productivity?
In his opening remarks on the performance of the economy, Jeremy Hunt emphasised the UK’s competitive advantage in the booming artificial intelligence (AI) sector. Later in the budget he outlined the efficiencies and opportunities this boom could lead to.
Multiple dwellings relief (MDR) abolished
Stamp duty land tax (SDLT) mitigation rule is abolished because of perceived abuse.
Cuts to National Insurance Contributions
Could this be the expected pre-general election voter giveaway?
A focus on the electorate
Chancellor focuses on people and communities in this election year Budget speech.
Autumn Statement 2023
Our analysis of the announcements in the 2023 Budget has been published here.
More funding for HMRC? Will this help?
Additional funding for HMRC to collect tax debts.
Full expensing and R&D
Full expensing will be a permanent feature of UK corporation tax. A simplified R&D scheme will be implemented from April 2024.
Making Life Simpler for the Self-Employed
Changes to National Insurance may grab the headlines, but other reforms will help the self-employed.
No reform of Inheritance Tax or Capital Gains Tax
With no changes to Capital Gains or Inheritance Taxes announced, despite the recent speculation, more focus placed on “simplification”.
Sustainable investment, the arts and social policies
Intertwined with the headline changes to NICs and tax breaks were a series of measures aimed at promoting green investment, increasing social sustainability and supporting the UK’s world-leading arts sector.
Talent and commitment
Business Services
Running a business is a lifestyle in and of itself. It’s about building a legacy of your own from the ground up, whether you decide to sell it or pass it on to the next generation. We’ll be by your side throughout your business’s lifetime, simplifying the complex, broadening the scope of your plans with new opportunities, and giving you the push you need to accomplish great things.
Talent and commitment
Private Client Services
We want our clients to be excited about the future and secure in the present, and through our services for private clients, we aim to provide that confidence. With specialist technical knowledge of personal tax, trusts, luxury assets and more, and an exceptional client focus, we provide financial certainty for the whole family.