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

HMRC has updated its guidance clarifying no taxable benefit for employers reimbursing employees for charging their company EVs at home

The Powers of Attorney Act 2023, which received Royal Assent in September, paves the way for LPA registration to be completed online

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

HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only though do offer a paper version.

The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered.