Horsham District Council’s Post

Have your say on our proposed changes to our Council Tax Support Scheme 🏡💬 We’d like to hear your feedback on our amendments to band restrictions, savings limit, non-dependent deductions and the Percentage of Scheme Support. Let us know your thoughts: https://orlo.uk/QpUlZ

“Budget 2025 is being described as a cost of living or workers budget.” Partner and Head of Tax Compliance Andrew Feighery from the ByrneWallace Tax Advisors team outlines the potential personal taxes changes, and extensions to credits for renters, help to buy scheme, and energy credits which may be introduced to improve household income in tomorrow’s Irish Tax Budget 2025. https://lnkd.in/e_hhe_pF #budget2025

UNION BUDGET 2024 Budget 2024 Highlights: FM's income tax announcements📣 * Income-tax slab rates changed for the lower slabs, for the new simplified income tax regime * Standard deduction, for taxpayers opting for the new tax regime, at Rs 75,000, up from Rs 50,000 earlier * NPS Vaatsalya for minor children announced in Budget 2024. Where parents can invest on behalf of their kids. Upon attaining majority, this can be converted to regular NPS * Deduction on employers’ contribution to private sector employees’ NPS has been hiked to 14%, up from 10% earlier. Only for the new income-tax regime. * Changes in capital gains tax regime. Long-term capital gains rate hiked to 12.5%, up from 10% * Long-term capital gains income up to Rs 1.25 lakh exempt from tax * Holding period of capital gains tax streamlined: All listed financial assets held for more than a year: long-term. All unlisted financial and non-financial asserts held for more than 2 years: long-term.

The tax bill is set to be enacted next week and we discuss the latest updates on what changes you can expect. Following the FEC report back, changes include de minimis for trustee tax rate, donated trading stock, Pillar 2, rewind of property tax settings, and taxing offshore online casinos. Don't forget to also keep an eye out for changes to the new GST platform rules. Check out the link below for more information. It's never a dull moment in tax! Link: https://lnkd.in/gexXVTFu

With Budget 2025 just around the corner, renters could be in line to receive some greater relief. Initially launched as a result of Budget 2023, the Rent Tax Credit was established to bring relief to those paying rent amidst the cost of living crisis. Minister for Finance Jack Chambers has announced that this tax credit will be undergoing a review and could see renters receiving a €1,000 tax credit in Budget 2025. Learn more here 🔗 https://lnkd.in/eaRBk-P4 There are a number of tax credits available to taxpayers in Ireland, are you aware of them all? 🤔 Visit our website to learn more about the available tax credits and the ones you might be eligible for 🔗 https://lnkd.in/edUtJpEs #Tax #TaxCredits #Taxation #Taxpayer #RentalTaxCredit #Renting #Wealth #WealthManagement

As April ends, have you felt the sting of the recent council tax increase? 📈  At Council Tax Challenger, we’re dedicated to helping you reduce unnecessary expenses.  If the recent hike has you worried, our assessment services can help.  Discover if you're eligible for a council tax band reduction and potentially lower your payments.  Get clarity and take control of your council tax today.  Click the link below for more info now! https://lnkd.in/eT55kkva #CouncilTax #SaveMoney #ReduceYourBills #CouncilTaxChallenger

Last updates from the Spring Budget 2024! 🌱 Chancellor Jeremy Hunt has unveiled measures aimed at easing tax burdens and boosting economic growth. Here's a snapshot of what you need to know: 📉 Reduction in NI contributions 💼 Corporate Tax adjustments 🏡 Changes to Residential Property Capital Gains Tax 🌍 Updates on Non-Dom Tax Status 💰 VAT threshold revisions 🏖️ Insights into Furnished Holiday Lettings Our detailed summary delves into each area, helping you navigate the changes and understand their impact on your business. If you have any questions or need assistance, feel free to reach out to us. https://lnkd.in/e7hUAfn6 We're here to help! #SpringBudget2024 #TaxUpdates #EconomicGrowth #BusinessAdvisory #FinancialConsulting #JasonSeagrave #SeagraveFrench 📊💼

UNION BUDGET 2024 Budget 2024 Highlights: FM's income tax announcements📣 * Income-tax slab rates changed for the lower slabs, for the new simplified income tax regime * Standard deduction, for taxpayers opting for the new tax regime, at Rs 75,000, up from Rs 50,000 earlier * NPS Vaatsalya for minor children announced in Budget 2024. Where parents can invest on behalf of their kids. Upon attaining majority, this can be converted to regular NPS * Deduction on employers’ contribution to private sector employees’ NPS has been hiked to 14%, up from 10% earlier. Only for the new income-tax regime. * Changes in capital gains tax regime. Long-term capital gains rate hiked to 12.5%, up from 10% * Long-term capital gains income up to Rs 1.25 lakh exempt from tax * Holding period of capital gains tax streamlined: All listed financial assets held for more than a year: long-term. All unlisted financial and non-financial asserts held for more than 2 years: long-term.

What does a new goverment mean for R&D tax credits? 🌍 ⭐ With a new government often comes policy change, including to existing schemes – so you’re right to wonder if the R&D tax credit scheme will be affected. Here, our expert R&D tax credit specialists round up exactly what the new Labour government currently means for the R&D scheme. Press the link in the comments below to find out! 🔍