With tax bands and other thresholds frozen, taxpayers should be aware of the implications of their income increasing.

Making Tax Digital (MTD) for income tax self-assessment (ITSA) will not be extended to those earning under £30,000 at the moment.

If enacted in its current form, the recently published Leasehold and Freehold Reform Bill will affect landlords in England and Wales who own a leasehold property.

Changes to ISA rules from 6 April 2024 will make ISAs more user friendly and allow multiple subscriptions of same-type ISAs in a tax year.

November’s Autumn Statement included measures to help alleviate business rates in England and on the Scottish islands, but not Wales.

For employees, the national insurance cut announced in the Autumn Statement took effect on 6th January 2024.

A survey of 6,000 people, aged 18 to 80, revealed starkly different views on retirement across the generations. 

In 24/25 restrictions to the cash basis will be removed, making it the default for calculating profit for the self-employed and partnerships.

The two existing research and development (R&D) tax relief schemes are set to merge and will be similar to the current R&D expenditure credit.

National insurance contribution changes for the self-employed announced in the Autumn Statement come in from 6 April 2024.

The decline of trusts comes as no real surprise given the eroding advantages of using one and the requirement to register trusts with HMRC