Why Stamp Duty Land Tax might need to be reformed
Stamp Duty Land Tax (SDLT) is the bane of property buyers in the UK. It is paid on every property purchase worth more than £250,000, and more people are being …
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Posts tagged with "tax"
Tipping Act Code of Practice to bring fairness to employees
Whenever you leave a tip in a restaurant or a hairdressing salon, for example, you would hope that the tip money you left will go directly to the person who …
Employees paid on a Thursday or Friday could face extra tax in 2024/25
Thousands of people in the UK who are paid weekly could find themselves making extra tax payments this year if they are paid on a Thursday or Friday. Employees paid …
650,000 extra pensioners pay tax for the first time this month
Around 650,000 pensioners are facing the prospect of paying tax on their pensions for the first time from this month thanks to a big boost to the State Pension from …
Furnished Holiday Lettings tax rules set to change in 2025
The tax regime for Furnished Holiday Lettings (FHLs) is set to be abolished from April 6, 2025, with some key tax breaks being removed by the Chancellor in the Spring …
Budget changes and what they mean for you
The Chancellor, Jeremy Hunt, delivered his Budget statement to Parliament on March 6, and there were various changes that should benefit individual taxpayers and businesses.
One of the biggest announcements, …