Submitted by
Holly Nesbitt | on Thu, 05/09/2024 - 13:15 | In
Uncategorized After much speculation, Jeremy Hunt has now confirmed that the UK’s centuries- old remittance basis of taxation will be abolished. In its place, a ‘modernised residence-based regime’ has been proposed which aims to be simpler, fairer and more competitive’ will be introduced from April 2025.
In our view, while the new regime claims to be simpler and will no-doubt increase the tax burden for non-domiciled individual (so-called “non-doms”) who still choose to remain in the UK, it offers very little to [- -]
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 the 17th October 2022 announcement, new Chancellor Jeremy Hunt unveiled further changes to the September announcements, read our round-up to find out how you could be affected by these tax changes.
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 [- -]
Sestini & Co’s top 9 measures for personal, business and employment from the March 2020 Budget.
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
We highlight which of the 11 new and 2 ongoing consultations discussed in the 2018 Spring Statement we think will have most impact on tax & business planning
Rachel Sestini, MD of Sestini & Co, gives her take on what individuals and companies should pay most attention to from Autumn Budget 2017
A Finance Act ‘lite’ received Royal Assent in April 2017 but will measures knocked out be reinstated post election? Sestini & Co gives their advice
Tax breaks on dividends further eroded, Class 4 NI increasing, but a bit of help on business rates revaluation and delay to intro of MTD for some
