
Tax Efficient Christmas Tips for Employers
Reward your team this festive season without triggering extra tax

Reward your team this festive season without triggering extra tax

In the Budget delivered on 26th November the Chancellor announced various measures to increase tax revenue

the Treasury has announced that the forthcoming Budget will be on Wednesday 26th November, 2025.

The Chancellor presented her Spring Statement to Parliament on 26th March 2025.

Update clarifying a few points regarding the changes to Inheritance Tax rules notified in the budget on 30th October 2024

The £1m exemption applies to each person. Ensuring Wills leave assets down to the next generation or into trust can be useful to use the £1m 100% relief.

In the Budget delivered on 30th October the Chancellor announced various measures to raise increased tax revenue

HMRC have issued a policy paper confirming that the current tax treatment of furnished holiday lets will cease from 6th April, 2025 with draft legislation published accordingly.

In the Budget on 6th March it was confirmed that land that is in an Environmental Land Management scheme will qualify for Agricultural Property Relief (APR) for Inheritance Tax (IHT) purposes on lifetime or death transfers that occur on or after 6th April, 2025.