As many of you will have seen or heard from last week’s Budget, the Chancellor will now bring the vast majority of pension schemes within the scope of Inheritance Tax from April 2027. This measure...
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Autumn Budget 2024 – Implications for Agricultural and Business Property Relief
Many of you will have already seen our Wheelers Words which highlights, as an overview, the changes announced in yesterday’s Budget. However, the impact for businesses, and in particular the...
Wheelers Words – Autumn Budget 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves...
Wheelers Words – Don’t miss the NI Record deadline!
National Insurance Record and State Pension Entitlement If you have not already done so, we are recommending that people renew their National Insurance record as the deadline for filling any gaps in...
Wheelers Words – Forthcoming changes to the Tax rules for Furnished Holiday Lettings (FHL)
The government has announced that it will repeal the special tax rules relating to the commercial letting of Furnished Holiday Accommodation (FHL). The FHL rules have generally treated such letting...
Wheelers Words – Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures...
Wheelers Words – Personal Tax Account and Income Record Viewer
Personal Tax Account HMRC are constantly developing the information available to Taxpayers. In some cases, access to some of this information can be made available to us as your Agent once authority...
Wheelers Words – Overview of Shareholder Rights
Recently I have been dealing with several transfers of shares between family members and thought it would be useful, to set out below, a reminder about the key rights that shareholders have in a...
Wheelers Words: Voluntary National Insurance Contributions – Deadline Extended
HMRC have extended the deadline to make voluntary national insurance (NI) contributions to 5 April 2025. The deadline has been extended for a second time to allow taxpayers time to take advantage of...