Huge Tax Changes to Navigate in 2024
A lot of tax changes are to take effect this year, calling for major tax planning and preparation for both individuals and businesses. Businesses most
Junaid Usman
4 January 2024
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A lot of tax changes are to take effect this year, calling for major tax planning and preparation for both individuals and businesses. Businesses most
The UK government announced last week Monday that Carbon Border Adjustment Mechanism (CBAM) will be officially implemented in 2027, which will include aluminium, cement, ceramics,
Contents Scotland’s deputy first minister and finance secretary Shona Robison announced on Tuesday the Scottish Budget Statement at Holyrood, which highlighted the new advanced rate
Contents HMRC’s tax avoidance suspicions toward huge multinational companies will be recurring, as long as lack of tax treatment transparency remains. TaxWatch’s latest scrutiny shows
Contents Interior Minister James Cleverly announced on Monday new measures for immigrants, which is to take effect from next year’s Spring Statement, aimed at cutting
On 22 November 2023, Chancellor of Exchequer Jeremy Hunt announced the Autumn Statement for the year, alongside the Office for Budget Responsibility’s (OBR) economic forecasts.
The decline in payroll figures showed an increasing unemployment rate to 3.9% for the first time in two years. There are clear indications of reduced
Recent data from Rightmove shows that new first-time buyers in the UK are paying nearly £200 more per month on their mortgages than they did
Amidst the current cost of living crisis, Britain’s largest supermarkets are facing calls for an investigation by the UK’s competition watchdog over claims of profiteering.
Before the upcoming general election, Prime Minister Rishi Sunak is considering lowering the country’s inheritance tax, citing people familiar with the situation. Sunak was enthusiastic
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The end of the tax year brings a few certainties. One of them is an important document landing in your inbox or hand. So, what is a P60 exactly? In the UK, it is an official record of the total pay received, and the amount of tax and NICs deducted during that tax year.
The days of crypto anonymity are coming to an end. From January 2026, HMRC will begin receiving automatic data on UK taxpayers’ cryptoasset activities from digital asset platforms around the globe. This is all under a new international agreement known as the Cryptoasset Reporting Framework (CARF).
Almost every employee in the UK is eligible for workplace pensions. It’s mandatory for employers to set their employees for auto enrolment pensions, even if they only have one. This guide is for both, whether looking to strengthen compliance or understand how it affects their paycheck.
The removal of P11D forms, replaced by mandatory payrolling of benefits in kind (BIK) by April 2026, is deferred for 12 months. This was first introduced in January 2024, but with several appeals, HMRC announced on 28 April 2025 that it will delay the implementation in April 2027.
Those who are self-employed or in a partnership need to know about a major tax change: “Basis Period Reform.” This new approach to taxing business profits in the UK aims to simplify things by aligning everyone’s tax calculations to the standard tax year. This guide breaks down everything in simple terms. Understand what is changing, how it impacts you, and what steps you may need to take.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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