Understanding the Importance of CIS Registration
In the UK construction industry, the Construction Industry Scheme (CIS) is a crucial component. It’s designed to streamline tax collection from construction related activities. Whether you’re a contractor or a subcontractor, understanding CIS registration is essential to stay compliant and avoid penalties. In this article, we’ll dive into the importance of CIS registration, how it […]
Budget Introduction
The Chancellor Rachel Reeves presented her first Budget on 30 October 2024. In her speech she stated the Budget ‘lays the foundations for growth while ensuring fairness, stability, and responsibility in the public finances’. The measures announced take effect across 2025 and beyond, with significant reforms to business taxation, inheritance tax, and support for households. […]
Business
Key Budget Changes Impacting Businesses (UK, 2025) 1. Rising Employment Costs 2. Business Rates Restructured 3. Tax Reforms & Compliance 4. Support for Growth & Investment 5. Productivity & Tax Reform Drive 6. Speculative Future Tax Measures
Capital Taxes
Capital Gains Tax (CGT) Inheritance Tax (IHT) & Related Reforms
Employment
Budget Changes Impacting Employment
Personal Tax
Personal Tax Changes in 2025/26 Income Tax Thresholds and Rates National Insurance Contributions (NICs) Dividend Allowance Non-Dom Tax Regime Reform Other Personal Tax Adjustments
Other Matters
Land and Buildings Transaction Taxes Land and buildings transaction taxes remain devolved: England & Northern Ireland – SDLT Wales – Land Transaction Tax (LTT) Scotland – Land and Buildings Transaction Tax (LBTT) Plastic Packaging Tax Vehicle Excise Duty (VED) Penalties for Late Submission & Payment Contactless Payments No further Budget changes; these remain current.(fca.org.uk)
What is Inheritance tax?
What is Inheritance Tax (IHT)? – Meaning 🏠 Thresholds & Allowances (2025) 📊 How IHT Works (Example) 🎁 Lifetime Gifts and the “7-Year Rule” 💼 Reliefs 🔑 2025 Budget Changes to IHT 💷 Who Pays the Tax? 📈 IHT Receipts & Impact
