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When is the 2023 Autumn Statement?

The Chancellor of the Exchequer, Jeremy Hunt, will deliver the Autumn Statement on Wednesday 22 November 2023.  The statement is one of the key financial events in the political calendar and will be Jeremy Hunt’s second Autumn Statement as Chancellor.   What time is...

Average inheritance tax bill reaches £214K
Average inheritance tax bill reaches £214K

With house prices soaring, more estates are now being subject to inheritance tax as the average inheritance tax bill reaches £214K. In the 2020-21 tax year, inheritance tax was charged on 27,000 estates. An increase of 4,000 compared to the previous year. This raised...

Easing of tax rules for divorcing couples confirmed
Easing of tax rules for divorcing couples confirmed

New legislation easing the tax rules for divorcing couples has received Royal Assent.  This confirms announcements made by the Chancellor in the Spring Budget 2023.  The changes apply in relation to disposals of assets made on or after 6 April 2023.   What were...

The Marriage Allowance – Time is running out to claim

The Marriage Allowance – Time is running out to claim  The Marriage Allowance can enable eligible married couples and civil partners to save up to £252 of tax a year.  Despite being introduced almost seven years ago, many eligible couples are still missing out on this...

HMRC delay Making Tax Digital by two years
HMRC delay Making Tax Digital by two years

What is being delayed? HMRC has announced that plans to implement digital tax reporting for unincorporated businesses and self-employed individuals and landlords in April 2024 will be delayed until April 2026.   Why has MTD been delayed? HMRC have said that businesses...

Autumn Statement 2022 – key tax announcements
Autumn Statement 2022 – key tax announcements

The Chancellor, Jeremy Hunt, has given his first Autumn Statement. We have highlighted below some of the key tax announcements made by the Chancellor:   Personal tax thresholds The Chancellor has announced that personal tax thresholds will be frozen for a further...

Autumn Statement 2022
Autumn Statement 2022

Autumn Statement 2022 On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The...

Autumn Statement 2022: When is the Autumn Statement?

The Chancellor of the Exchequer Jeremy Hunt will deliver his Autumn Statement on Thursday 17th November 2022.  This is postponed from the previously planned date of Monday 31 October 2022.   What time is the Autumn Statement? The Autumn Statement will be...

Mini Budget – September 2022
Mini Budget – September 2022

Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’....

When is the 2023 Autumn Statement?

The Chancellor of the Exchequer, Jeremy Hunt, will deliver the Autumn Statement on Wednesday 22 November 2023.  The statement is one of the key financial events in the political calendar and will be Jeremy Hunt’s second Autumn Statement as Chancellor.   What time is...

Average inheritance tax bill reaches £214K
Average inheritance tax bill reaches £214K

With house prices soaring, more estates are now being subject to inheritance tax as the average inheritance tax bill reaches £214K. In the 2020-21 tax year, inheritance tax was charged on 27,000 estates. An increase of 4,000 compared to the previous year. This raised...

Easing of tax rules for divorcing couples confirmed
Easing of tax rules for divorcing couples confirmed

New legislation easing the tax rules for divorcing couples has received Royal Assent.  This confirms announcements made by the Chancellor in the Spring Budget 2023.  The changes apply in relation to disposals of assets made on or after 6 April 2023.   What were...