The Autumn Budget – 30 October 2024

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On 30 October 2024, Chancellor Rachel Reeves presented her first budget to parliament. This was a budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of tax rises. Headlines included: Below,…

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October 2024 Newsletter

chestnut, grass, conker

Welcome to our October 2024 newsletter. As we approach the Autumn Budget, speculation is rife about potential changes to Capital Gains Tax (CGT) and other financial policies. In this edition, we will explore some of the key rumours surrounding CGT reforms, including possible rate adjustments, the future of Business Asset Disposal Relief (BADR), and the…

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September 2024 Newsletter

Red Leaf Trees Near the Road

Welcome to the September edition of our Newsletter. As the new season begins, we’re here to keep you informed about the latest developments and updates in the world of taxation. In this issue, we cover a range of important topics, from potential changes to inheritance tax to the benefits of setting up a tax-free childcare…

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July 2024 Newsletter

the lavender flower, nectar, bee

As we bask in the warmth of summer, we’re here to bring you the latest updates and insights on tax matters that may impact you and your business. Whether you’re planning a well-deserved holiday or staying busy with your professional pursuits, we hope this edition provides valuable information to keep you informed. This month, we…

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June 2024 Newsletter

cry stone walls, yorkshire, dales

Welcome to the June edition of Tax E-News! Summer is here, but don’t let tax deadlines slip your mind. This edition highlights important tax obligations for employers and individuals in June and July, including key dates for filing employee benefits, reporting securities, and reimbursing private fuel costs. Report Employee Benefits on Form P11d by 6…

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May 2024 Newsletter

Tiny insect on fluffy dandelions in meadow

Welcome to the May 2024 edition of our monthly tax newsletter! We hope you find this information useful. As always, please don’t hesitate to contact us if you have any questions about the topics covered or anything else tax-related. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) Pilot Testing While Making Tax Digital for…

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April 2024 Newsletter

spring, field, daisy

Happy New Tax Year! In this April issue, we highlight some key tax changes that took effect from the start of the new tax year. Unfortunately, most of the income tax and national insurance thresholds continue to be frozen, resulting in an increasing number of higher-rate taxpayers. The major exception is the welcome increase in…

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February 2024 Newsletter

february newsletter

Welcome to our latest monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Tax-Year-End Tax Planning It’s not too late to undertake some end-of-year tax planning. If you have some spare cash, an obvious tax planning point would be to…

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January 2024 Tax Newsletter

Mercan's January 2019 calendar adorned with a cup of coffee is the perfect companion for your tax planning this month. Stay up to date with important dates and deadlines by referring to Mercan's

Happy New Year, and welcome to the January edition of Tax E-News. We hope that you find this informative. Please get in touch with us if you wish to discuss any matters in more detail. New Year Resolutions To Save Tax At this time of year, we think about New Year’s resolutions. It is also…

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December 2023 Tax Newsletter

In December, a woman is standing on a street with Christmas lights in the background.

On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fueled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting taxes and rewarding hard work.Headlines included…

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