As the UK awaits Chancellor Rachel Reeve’s Autumn Budget on October 30th, 2024, accounting firms are forecasting sweeping changes to the tax landscape. With the new Labour government facing a reported £22 billion shortfall in public finances,

With the Autumn Budget less than two weeks away, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit,

Rachel Reeves will seek to make around £3 billion of cuts to welfare over the next four years by restricting access to sickness benefits, it is understood.The Chancellor is expected to commit to the previous Tory government’s plans to save the sum by reforming work capability rules,

Recent reports suggest Ms Reeves has backed away from the idea of fundamentally reforming pensions tax relief by introducing a “flat rate” of tax relief set somewhere between 20 per cent and 30 per cent, as previously predicted.

Inflation slowed to 1.7 per cent in the twelve months to September, taking the inflation rate to its lowest levels since spring 2021. While markets and forecasters had expected the inflation rate

Ms Reeves is reported to be mulling over leaving capital gains tax on property untouched, according to reports.

The Chancellor is said to be mulling a range of measures from taxing workplace pensions to revamping the Government's fiscal rules

He believes part of the £40billion will be smaller rises in spending in some parts of the public sector. But this would still leave the Treasury having to find a hefty chunk of t

Chancellor Rachel Reeves is looking into implementing up to £40billion in tax rises and spending cuts in the upcoming Budget, as the Government aims to avoid a return to austerity. The Treasury has identified a larger funding gap than previously reported,