Submitted by
Sestini & Co | on Thu, 03/16/2023 - 10:55 | In
Budget,
Tax planning and pensions 16th March 2023 // In yesterday’s Budget, Chancellor Jeremy Hunt offered some positive news for individual pension savers, helping to offset the many tax increases are hidden in plain sight through the range of freezing measures as announced in the Autumn Budget.
The headline announcement for individuals was the abolition of the pension lifetime allowance; for businesses the headline positives were enhanced R&D credits and full capital expensing for three years of qualifying plant and machinery. For a number of years, the government has been [- -]
In today’s Autumn Statement, Chancellor Jeremy Hunt warned of a substantial tax increase. Many of the tax increases are hidden in plain sight through freezing across a range of measures. One announcement welcomed by many was that there will be a windfall tax on energy companies from January 2023 to March 2028, at 35%; and that a temporary higher tax of 45% will be placed on electricity generators. The anticipated changes to non-dom tax levels or remittance basis were not made, perhaps unexpectedly, [- -]
Submitted by
Rachel Sestini | on Mon, 09/26/2022 - 15:52 | In
Budget Termed a ‘mini budget’, yet without the usual independent OBR research or illustrations showing impact of tax cuts on different earning brackets, those measures that have been announced today (23 September 2022) are impactful, with a focus on overall economic growth rather than redistribution of wealth. Measures supporting businesses will have an effect across the income brackets however certain changes such as the abolition of the higher tax rate will initially benefit high net worth individuals and higher earners before [- -]
Submitted by
Rachel Sestini | on Wed, 03/23/2022 - 15:02 | In
Budget,
HMRC,
National Insurance Rishi Sunak’s tax reforms as set out in the 2022 Spring statement including NIC aligment and employers NI allowance
Submitted by
Sestini & Co | on Mon, 11/01/2021 - 9:19 | In
Budget,
Pensions,
Tax planning and pensions Chancellor Rishi Sunak in the 27th October Budget freely acknowledged that taxes are at their highest for 70 years, but pledged to cut them against a backdrop of positive news from the OBR calculating that the economy will hit pre-Covid levels by the end of 2021, and that the economy is expected to grow by 6% in 2022.
“By the end of this Parliament, I want taxes to be going down not up,” he said.
We’ve highlighted below key tax points from [- -]
Key personal and corporate tax implications from the March 2021 Budget announcement, highlighted by Sestini &. Co Group Managing Director, Rachel Sestini.
Sestini & Co’s top 9 measures for personal, business and employment from the March 2020 Budget.
With Brexit terms as yet undecided, the 2019 Spring Statement was a little overlooked but included some tax measures worth noting for individuals & businesses.
Submitted by
Sestini & Co | on Tue, 10/30/2018 - 9:55 | In
Budget,
Buy to Let,
HMRC Sestini & Co’s top 10 measures for personal, business and employment from this year’s Budget
Rachel Sestini, MD of Sestini & Co, gives her take on what individuals and companies should pay most attention to from Autumn Budget 2017
