Archive for June 2025
Why Capital Gains Tax trends could affect your future plans
If you are thinking about selling your business, property or other investments, keeping an eye on how Capital Gains Tax (CGT) is changing could save you a lot of money, or at least some unwelcome surprises. CGT receipts have seen some big swings over the past few years. After hitting a high of £16.9 billion…
Read MoreTax trends turning – What employers, investors and property owners need to know
The first data from the new tax year suggests the tax landscape is moving in unexpected ways. Employers’ National Insurance contributions (NICs) are up sharply, while receipts from Capital Gains Tax (CGT) are falling. Property taxes are showing renewed volatility, and Inheritance Tax (IHT) liabilities continue their upward trend. NIC costs climb for employers May…
Read MoreIs your business ‘trading’ enough to qualify for BADR?
For owners preparing to sell, Business Asset Disposal Relief (BADR) can provide a valuable reduction in Capital Gains Tax (CGT), but only if the company meets the right criteria. A recent tax case has underlined just how important it is to understand the rules around what counts as ‘trading’. The case involved the Chelsea Yacht…
Read MoreWhen do you start earning for yourself? For some, it is later than ever
There is a date each year when the average person’s earnings finally stop going to the Government and start going to them. In 2025, that date was 11 June, nearly six months into the year. This concept, known as Tax Freedom Day, gives a rough indication of the total tax burden faced by UK taxpayers.…
Read MoreEmployers face hiring strain as National Insurance changes start to bite
The latest employment figures paint a sobering picture.
Read MoreMinimum wage compliance – Key risks directors should address
Since 1 April 2025, substantial increases to the National Minimum Wage (NMW) and National Living Wage (NLW) have reshaped financial obligations for businesses across the UK.
Read MoreWhen opportunity knocks – Is your business built to handle sudden attention?
The search for the UK’s most creatively named small business is back, and the puns are pouring in. From Sweeping Beauty to Lord of the Bins, quirky names like these have shown that a touch of humour can go a long way. For some, it even leads to national recognition and a boost in demand.…
Read MoreA simple NIC change has triggered major tax confusion
The 2024/25 tax year brought a key change for self-employed taxpayers: those earning more than £6,725 are no longer required to pay Class 2 National Insurance Contributions (NICs). Rather than simplifying matters, the change has led to errors in HM Revenue & Customs’ (HMRC’s) systems and a growing number of incorrect tax demands. What the…
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