Craig Simpson explains the concept of fiscal drag and its impact on the apparent tax reduction caused by the changes in National Insurance announced at the Autumn Statement 2023
Fiscal drag and the NI reduction
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Tax
Tax
Autumn Statement 2023
The headlines from the Autumn Statement 2023 and a more detailed summary. Covers National Insurance, Capital allowances, Business rates and R & D.
Will Income Tax be cut tomorrow?
Craig Simpson, Tax Partner at Bates Weston considers whether Income Tax will be cut in tomorrow’s Autumn Statement.
Corporation Tax – reducing business taxation in the Autumn Statement?
Will the Chancellor use Corporation Tax measures in reducing business taxation in the Autumn Statement? He could reduce the rate of Corporation Tax, extend the Corporation Tax Bands and/or extend full expensing? Craig Simpson, Tax Partner at Bates Weston gives his views.
Major overhaul to Inheritance Tax on the way?
Is a major overhaul of Inheritance Tax on the way? Will the Chancellor abolish IHT, increase IHT thresholds, or reduce IHT rates in the Autumn Statement?
Capital Gains Tax hike on the way?
Should you consider accelerating your business disposal to capture the current rates of Capital Gains Tax?
The Dos and Don’ts of Demergers
Understanding the dos and don’ts of demergers is vital. Demergers are complicated in terms of tax technical input, but done correctly the tax savings should significantly outweigh the costs.
Inheritance Tax Review
Richard Coombs, Tax Partner at Bates Weston, takes a look at Inheritance Tax Planning and the benefits of an Inheritance Tax Review – a topic no one likes to think about, but we really should.
HMRC clearance
Craig Simpson, Tax partner at Bates Weston explains how HMRC clearances work, and when and why you might need them.
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