4 key actions for business owners ahead of the Autumn Budget
Ian Brewer
Marketing Digital & Design Executive at Oldfield Accountancy & Advisory | Psalm 18:2
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Prime Minister Sir Keir Starmer has cautioned that the upcoming Budget on 30 October will be "painful," with tax hikes likely. Capital gains tax is a key focus, with potential increases in rates, removal of business relief, and reductions in exemptions expected. Inheritance tax changes may include higher rates, lower thresholds, and the removal of reliefs on business and agricultural assets. Continue reading...
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The Chancellor, Rachel Reeves, has repeatedly stressed that Labour would not increase the three big taxes, income tax, national insurance, and VAT, committing to keeping taxes down for ‘working people’. This means that there are serious concerns about where the tax axe will fall with capital gains tax (CGT), inheritance tax, and pensions tax all possible contenders for increases.? It is extremely likely that tax rises will be announced in the Autumn Budget on the 30th of October. To ensure you’re kept up to date, register for our same-day rapid reaction 30-minute webinar where following the announcements we will distil them down to the key points you need to know and how they will affect you and your business.?