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Uncertainty Surrounds Non-Dom Reforms in Latest Finance Act

Uncertainty Surrounds Non-Dom Reforms in Latest Finance Act

In the run-up to the early general election, the government expedited the passage of the Finance Bill, incorporating measures from the 2024 Spring Budget. However, a significant reform was absent. What has happened? The 2024 Spring Budget announced an overhaul of the...

HMRC’s “One-to-Many” Campaign Targeting Rollover Relief Claimants

HMRC’s “One-to-Many” Campaign Targeting Rollover Relief Claimants

HMRC's latest “One-to-Many” campaign is targeting individuals who have utilised rollover relief for business assets in the tax year 2020/21. What is Rollover Relief? Rollover Relief is a method to defer gains from the sale of a qualifying business asset by reinvesting...

Update on Advisory Fuel Rates for Company Cars

Update on Advisory Fuel Rates for Company Cars

The advisory fuel rates (AFRs) for company cars changed on 1 June 2024. These rates, updated quarterly to reflect fuel price fluctuations, determine how employers can reimburse employees for business travel in company cars without any income tax consequences. New...

The Impact of Lower Inflation

The Impact of Lower Inflation

What is Inflation? Inflation measures the change in prices of goods and services in the economy. When inflation drops, prices are rising more slowly than before. Benefits for Individuals Lower inflation and wage growth make the cost of living more affordable. This...

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