Employee Ownership Trusts following the 2024 Autumn Budget
The sale of your business to an Employee Ownership Trusts (EOTs) can be a tax free transaction if structured correctly. Given the potential changes to Business Asset Disposal Relief (BADR) this could be a more attractive proposition from a tax perspective.
The impact of the 2024 Budget on the Farming Industry
The 2024 Budget has brought significant changes to the farming industry and understandably sparked extreme concerns for all those within it regarding the future of their multi-generation family farms and the future of the industry as a whole.
How to prepare for the new duty to prevent sexual harassment in the workplace
On 26 October 2024 the law on sexual harassment changed to the Worker Protection (Amendment of Equality Act 2010) Act 2023. By law, employers will now need to take steps to prevent sexual harassment.
Double cab pick-ups to be treated as company cars from April 2025
From April 2025, double cab pick-up trucks will no longer be treated as commercial vehicles for income tax and capital allowance purposes. This will significantly increase the benefit-in-kind (BIK) tax charge for employees and impact on the tax deductions available for businesses.
Autumn Budget Summary 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.
Budget reaction from Shaun Davison
An initial reaction to Rachel Reeve's Autumn Budget from Tax manager Shaun Davison.
Budget reaction from James Shipp
Given how much of the Chancellor’s Budget had already been signposted, businesses shouldn’t really have been expecting anything other than financial pain – and that is indeed what Rachel Reeves delivered.
Autumn Budget at a glance
Rachel Reeves delivered her first Budget as Chancellor of the Exchequer on 30 October 2024. The Budget aims to deal with the £22 billion ‘black hole’ in public finances whilst restoring stability and rebuilding public services.