Tax Benefits of Buying an Electric Vehicle
Electric vehicles are becoming more and more popular by the day. Not only are they vastly more environmentally friendly, but…Read More
The newly appointed Chancellor, Rishi Sunak, announced a spirited Budget with a repeated emphasis on ‘getting things done’, echoing the recent election campaign. His initial focus was on the short-term measures needed to deal with the challenges the UK faces as a result of the coronavirus pandemic. These amounted to a £12bn fiscal stimulus, with more available if required. There was help for both businesses and individuals.
To read the full summary of the Budget 2020, click here.
The Chancellor is due to announce another Budget in the Autumn and so there were several consultations about possible future tax changes, including new proposals on the treatment of fund management companies, pension tax administration, and aspects of research and development tax credits.
If you have any questions about the summary’s contents or how any aspects of your tax and financial planning may be affected by the Budget, please contact us to discuss them.
Subscribe to our email communication to stay abreast of the latest financial updates that may affect your personal or business tax and financial planning.
Electric vehicles are becoming more and more popular by the day. Not only are they vastly more environmentally friendly, but…Read More
Employee Ownership Trusts (EOT) are becoming an increasingly popular ownership model which can deliver significant benefits to both shareholders and…Read More
A healthy cash flow is imperative to a small business or start-up. If you’re reading this, you’ve probably had to…Read More