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Menzies LLP - A leading charteredaccountancy firm. Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. From April 2025 the National Living Wage will increase to £12.21 A key theme of today’s budget was “Invest, Invest, Invest!”
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Menzies LLP - A leading charteredaccountancy firm. Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. This is due to have effect from: 6 April 2025 for income tax and capital gains tax.
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Menzies LLP - A leading charteredaccountancy firm. However, the 2022/23 tax gap figures that have recently been published overwhelmingly demonstrate that it’s small businesses that account for the majority of the tax gap at 60% (approximately £24 billion) of lost tax in 2022/23.
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