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Loan charge review calls for evidence

The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team. The review was announced by the Treasury in January and is being led…

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Finance Act 2025 receives Royal Assent

The first Finance Act of the Labour government has gained Royal Assent and passed into law. The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates…

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No further tax increases in Spring Statement

Chancellor Rachel Reeves announced ‘no further tax increases’ in the 2025 Spring Statement. The Chancellor’s Autumn Budget contained a record £40 billion in tax increases. However, it did not raise personal taxes including, Income Tax, employee National Insurance contributions or…

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Chancellor unveils plan to cut red tape

Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth. The government says its Action Plan will save businesses across the country billions of pounds by cutting the number of regulators, streamlining…

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Private sector activity expected to fall

Activity in the private sector is expected to fall for the fourth consecutive quarter, according to a Growth Indicator from the Confederation of British Industry (CBI). Business volumes in the services sector are expected to decline to -23%, and distribution…

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