Weds 2nd April 2025
Back in November, David stood in front of the Wealden Business Group with some sobering analysis of the Autumn budget. At the time the Chancellor, Rachel Reeves, promised that the Spring Statement would steer clear of adjusting tax, and she has proved true to her word. All that was offered that had the potential to boost the Exchequer’s tax take was some extra support to target tax avoidance.
But David took the opportunity to re-examine some of the Autumn budget’s measures that are about to come into force in the next few days. He spoke about Employer NI changes, adjustments to the National Minimum Wage & National Living Wage and provided some extra clarity on both company car taxes and the further roll-out of Making Tax Digital. You can see the full presentation below, and a useful flowchart to help determine the most effective director’s salary under the new tax rules.
As always, if you want to make those tax worries low, Busbys is just the place to go!
