The announcements in September’s not-so-mini-Budget have altered the balance between operating your business as self-employed or via a company. In September, the new Chancellor announced a range of tax and other changes including: The increases in corporation tax announced by … Continue reading →

September’s ‘mini-Budget’ made major changes to tax and national insurance contribution (NIC) rates, which have important short-term consequences. The ‘fiscal event’ that the new Chancellor, Kwasi Kwarteng, presented in late September was more a ‘maxi’ than a ‘mini-Budget’. It contained … Continue reading →

New legislation is set to simplify one aspect of tax on divorce or dissolution. Marriage is not what it used to be. In 2020, 46% of births in England and Wales took place outside of a marriage or civil partnership, … Continue reading →

New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of the most peculiar: For a start, its name is misleading. … Continue reading →

‘The Growth Plan’: 23 September 2022  Introduction Kwasi Kwarteng’s first set piece as Chancellor of the Exchequer was never going to be easy, even before the 0.5% increase in interest rates the day before. The new Prime Minister Liz Truss … Continue reading →