Tax Tips and News - April 2025

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courtsaccountants.co.uk

02/04/2025

Tax Tips and News - April 2025

Welcome to the Courts Accountancy Services monthly newsletter, bringing you the latest tax tips and news to keep you one step ahead of the taxman.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and that they receive useful tax and business advice and support throughout the year.

We wanted to share an insightful article with you about how you can provide an inheritance while you’re still alive.

It explores the key considerations around gifting wealth, tax implications, and planning for your financial future.

To ensure you’re making the right decisions for your situation, we work closely with Terri Hall at Continuum, our trusted independent financial adviser, who can provide expert guidance tailored to your needs.

Terri Hall – Courts – How to Provide an Inheritance while you are still alive.

If you need further assistance regarding anything in this newsletter, please give us a call or drop us an email and we’ll be happy to discuss with you.

Also, if you require advice on your own specific circumstances, feel free to give us a call, after all we are 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

Courts Accountancy Services Accountants are based in Buckingham, offering local business owners and individuals a wide range of services. All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website courtsaccountants.co.uk for more information.

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Courts Accountancy Services is a trading name of Courts Accountancy Services Limited