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Bank of England eases base rate to 4.75%

Bank of England eases base rate to 4.75%

The Bank of England's recent decision to reduce the base rate to 4.75% brings several potential benefits to various sectors of the UK economy. Let's explore these advantages in detail. Reduced Borrowing Costs Lowering the base rate directly influences the...
EV or diesel – for and against

EV or diesel – for and against

When evaluating the annual running costs of electric vehicles (EVs) compared to diesel cars, several key factors come into play: fuel (or electricity) expenses, maintenance, insurance, taxation, and depreciation. Here's a detailed comparison: Fuel/Electricity...
Tax Diary December 2024/January 2025

Tax Diary December 2024/January 2025

1 December 2024 – Due date for Corporation Tax payable for the year ended 28 February 2024. 19 December 2024 – PAYE and NIC deductions due for month ended 5 December 2024. (If you pay your tax electronically the due date is 22 December 2024). 19 December...
Changes to Agricultural and Business Property Relief

Changes to Agricultural and Business Property Relief

It was announced as part of the Budget measures that the government will reform these reliefs from 6 April 2026. The existing 100% rates of relief will be maintained for the first £1 million of combined agricultural and business property. The rate of relief will...
Help to Save scheme extended

Help to Save scheme extended

As part of the recent Budget measures, it has been confirmed that the Help to Save scheme is to be extended by a further 2 years, until April 2027. The last date an account can be opened under the current scheme will be 5 April 2027. Around 517,000 Help to Save...