Chancellor Jeremy Hunt delivered the Autumn Statement on 22 November 2023. The key new tax announcements are summarised below. Individuals The main rate of Class 1 employee National Insurance will be reduced from 12% to 10% from 6 January 2024 Class 2 self-employed National Insurance will be abolished from 6 April 2024. Those affected will […]
Hena Ali, an accounting and finance graduate, works in our tax team in High Wycombe. Hena shares her experiences since joining the firm, from welcoming its commitment to diversity and career development to axe throwing for the first time at a Saffery Fun Day. I studied a range of modules at university, including trading, corporate […]
In support of Wycombe Homeless Connection – a charity that serves people who are homeless or at risk of homelessness in south Buckinghamshire – a couple of Christmas elves from Saffery joined the volunteers at the charity’s decoration workshop. The decorations contained poignant wishes from people who are threatened with homelessness or are already living […]
Trusts have long been used to help manage and direct private wealth; the first recorded use of them in England dates back to the 12th century. Family members or friends may be asked to act as trustees of a trust, and their natural inclination to help may be hindered by a lack of knowledge and […]
In this month’s VAT Update, we consider whether providers of holiday accommodation can apply the Tour Operators’ Margin Scheme (TOMS) following a recent case. We also take a look at cases on reclaiming import VAT, varying a VAT group retrospectively, and the extent to which intra-VAT group services are subject to VAT. Finally, HM Revenue […]
Date: 30 Nov 2023 | Time: 4:00pm Location: Bristol Old Vic, King Street, Bristol, BS1 4ED, UK We’re holding an in-person event at Bristol Old Vic on Thursday 30 November at which our tax specialists will be discussing the taxation of UK property, with a particular focus on the impact on cash flow for property […]
Join us for one of the seminars in our forthcoming Rural Business Update series, which are being held in-person on various dates, locations and times across the country. Please see the details below. We’ve changed the format slightly, reducing the event in length, but maintaining the depth of content you are used to. At each […]
Buying a business can be a great way to grow an existing enterprise, or a faster and more secure way of starting a new one. However, without proper planning, transactions can often fall through prior to completing or fail shortly after completion because of issues that could have been identified earlier in the process. Here […]
The campaign, which encourages taxpayers to voluntarily disclose any tax they owe on their rental properties received 16,708 disclosures in 2022-23, an increase of nearly 80% compared with the previous year. The total tax yield after a decade of the campaign was £236,290,411 – just under 50% of its original £500 million target. We received […]
A number of Peterborough partners and senior team attended the Opportunity Peterborough Bondholder dinner in Peterborough Cathedral on Thursday 19 October. Opportunity Peterborough is the city’s economic development company and supports local businesses to grow and attract new companies to set up in Peterborough. Alistair Hunt, Ross Lomas, Ryan Baxter, Ryan Stowers and Gareth Norris […]
