News
The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
HMRC releases guidance on LTA abolition
The Government will pass legislation in 2024/25.National living wage rises to £10.42
April sees largest annual increase since its introduction.Plans to increase state pension age delayed
Falling life expectancy rates push back the Government’s decision.New bill will modernise business rates
The new measures will incentivise property improvements.Government changes pension rules
Tax allowances changed and rumoured age increases scrapped.HMRC stops sending paper returns automatically
135,000 self-assessment customers filed paper returns last year.Interest rates rise despite Budget measures
Economy still strained after the Chancellor’s update.HMRC late payment interest rises to 6.75%
Late payment rates at highest level since 2008.Reduced energy bill support puts SMEs at risk
Around 370,000 firms will pay more from April.BoE raises interest rates to 4.25%
The decision follows an unexpected rise in inflation in February.
Armstrong Rogers & Co
Current news
Minimum wage increases planned for 2025
Age-based wage gap is to be gradually removed.
Government scraps British ISA plan
Concerns over market complexity led to the decision.
Non-dom exodus feared due to tax reforms
UK faces potential loss in tax revenue as non-doms exit.