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11/07/2025 |
July Tax tips & News
Welcome to the Jackson-Scott Associates Tax tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman. If you need further assistance just let us know or send us a question for our Question and Answer Section. We’re 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!
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| Inheritance tax break that could lure expats back to the UK |
| Changes introduced by Chancellor Rachel Reeves on April 6 mean Britons who have lived abroad for 10 years are no longer subject to UK inheritance tax on their global assets. Read More... |
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| The Government refuses to increase the annual Personal Allowance to £20,000 |
| Parliament debated a petition calling for the income tax threshold to be raised from £12,570 to £20,000 to allow people to keep more of their earnings. The petition, signed by over 250,000 people, was spearheaded by pensioner Alan Frost, who described it Read More... |
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| Reeves under pressure to create wealth tax |
| The financial pressures facing Chancellor Rachel Reeves continue to mount, particularly regarding a projected £57 billion shortfall in the country’s finances. Read More... |
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| Reeves urged to launch tax raid on landlords |
| Labour MPs and influential advisers are urging Chancellor Rachel Reeves to “launch a tax raid” on landlords as part of efforts to fill a fiscal gap without breaking the party’s manifesto commitment against increasing taxes on “working people”. Read More... |
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| July Questions and Answers |
| Q: I sometimes sell unwanted items online. Am I now liable to pay tax on any money I make? Read More... |
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| July Key Dates |
| 1st: Corporation Tax payments are due for companies with a year-end of 30th September. Read More... |
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| About Us |
Jackson-Scott Associates Accountants are based in Surrey, 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 jackson-scott.co.uk for more information.
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100 Gilders Road
Chessington
Surrey
KT9 2AN
Jackson-Scott Associates is a trading name of Jackson-Scott Associates Ltd
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