Latest Tax Tips and News - March 2024

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02/04/2025

Latest Tax Tips and News - March 2024

Welcome to the Capitax Financial Latest Tax Tips and News - March 2024, bringing you the latest news to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Please contact us for advice on your own specific circumstances. We’re here to help!

Hiring veterans: National Insurance relief extended for another year

Changes to National Insurance contributions for employers have dominated much of the tax news headlines since being announced at the Autumn Budget. But one element of the rules you may have missed concerns armed forces veterans. Read More...

Tax break scheme for second homeowners axed

The furnished holiday lettings tax regime is on the verge of being abolished. Reforms were announced under the previous Conservative Government in Spring 2024 and are now set to take effect. Read More...

Tax commitment finally set to change after 25 years

A 25-year UK tax commitment related to Income Tax is set to be axed from next month. As the new tax year begins on 6 April 2025, rules on The Official Rate of Interest (ORI) are finally set to change. Read More...

Several tax-related changes to take effect

A number of tax changes are set to take effect in April, with National Insurance contributions for employers and a facet of Capital Gains Tax among them. Read More...

April Questions and Answers

Q: I’m thinking about selling my business, which I’ve owned for five years. How will the upcoming tax changes affect me? Read More...

April Key Dates

5th - Current tax year (2024/25) ends. That means it’s the final opportunity to use up any tax allowances or reliefs for that year, such as making pension contributions or ISA allowances. Read More...

Spring Statement 2025

The Spring Statement (26 March 2025) focused more on public spending cuts than tax. However, the picture for tax from April 2025 now becomes more certain as a result of the announcements. Read More...

About Us

Capitax Financial is an independent and forward-thinking firm of Chartered Accountants, Tax Consultants and Business Advisors based in North West London (Stanmore, Harrow). We provide a full range of accounting, tax and business services to a wide range of UK and International clients, whether they are private individuals, entrepreneurs, investors, families, partnerships or corporate clients. Visit our website capitaxfinancial.com for more information.

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Samir Shah BFP FCA (samir@capitaxfinancial.com)

Director

Capitax Financial Ltd Devonshire House 582 Honeypot Lane Stanmore Middlesex HA7 1JS

Capitax Financial is a trading name of Capitax Financial Ltd