Companies House increases registration fees
From 1 May 2024 fees for registering a new company are set to rise significantly for the first time since 2016 Currently, to set up a business or limited liability partnership it costs just £12; this is set to increase to £50 to incorporate a new company or LLP online and up to £78 for […]
The Spring Budget: Making a little go a long way?
The economy The Chancellor insisted that the economy has turned the corner. He has delivered on the Prime Minister’s three economic priorities: ‘inflation has fallen, growth has been more resilient than expected, and debt is forecast to fall’. The Office for Budget Responsibility (OBR) is forecasting inflation below 2% by 2024 Q2. Whilst growth has […]
The tax benefits of electric vehicles
The Government is delaying the ban on new petrol and diesel cars by five years. This delay is causing setbacks in the transition to electric vehicles. The requirement is now for all new cars to be zero emission by 2035. Beyond the environmental benefits, electric cars offer substantial tax advantages that make them an attractive […]
Year-end tax planning tips for individuals
The UK tax year ends on 5th April and now is the perfect time to think about tax planning. The action you take over the next couple of months can help to maximize your income tax savings. Tax thresholds and the personal allowance in England and Northern Ireland are frozen until 2026. In Scotland, the […]
Mortgage lending set to fall in 2024 as arrears grow
Housing News The outlook for next year was one of continuing challenges in the mortgage market, the trade association said. Mortgage lending is set to slump next year, as the number of arrears and repossessions increases, according to a trade association representing the UK banking and finance industry. The outlook for 2024 is one of […]