Insights
More estates paying IHT
Frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IHT net
Frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IHT net
PAYE taxpayers are generally exempt from completing a self-assessment tax return but the exemption bracket has risen to £150,000.
The energy price cap by regulator, Ofgem, will fall from £3,280 to £2,074 this reduction will help home-based employees and small businesses.
Business owners could seek to earn interest on directors’ loans with little-to-no tax implications, although you’ll have to be patient.
If you are self-employed, until 2023/24, you have normally been taxed on the profits made in the accounting year that ends in the tax year