Kamal Pankhania’s Post

💼 Today’s Autumn Budget brings several noteworthy changes impacting UK businesses and regions. The minimum wage increase and changes to tax policies, such as the removal of non-domicile tax status and VAT adjustments, are likely to shape the landscape for companies and individuals alike. It’s encouraging to see commitments toward regional development, with funding for infrastructure and more fiscal autonomy for certain areas. Direct Capital Exchange has shared some helpful highlights from today’s announcements, covering how these changes may influence economic strategy for businesses in the UK. It’s always interesting to see how policy shifts impact cross-border business and the broader economic environment! #UKBudget #Chancellor

📣 Chancellor’s Budget Highlights – What Businesses Need to Know! Today, Chancellor Rachel Reeves presented her first Autumn Budget, laying out key changes that will shape the UK’s economy, including tax adjustments and new investment priorities. Here’s a quick overview from the team at Direct Capital Exchange: - Higher Wages & New Business Costs: The minimum wage will rise by 6.7%, putting more money in people’s pockets but also raising payroll costs for businesses. - VAT Changes & Wealth Tax Adjustments: VAT will be applied to private school fees, and non-domicile tax status will be removed by April 2025, impacting tax planning for some businesses and high-net-worth individuals. - Regional Growth: Greater fiscal autonomy for areas like Manchester, plus infrastructure projects including the TransPennine Rail upgrade, which could create new opportunities in various sectors. 💼 For businesses with global ambitions, currency volatility and tax shifts make effective foreign exchange strategies more crucial than ever. At Direct Capital Exchange we’re here to help you navigate these economic changes and make the most of international opportunities. Let’s discuss how this budget could impact your financial plans and cross-border growth strategies! 📧 support@dcexchange.co.uk 📞 0203 925 4994 #Budget #Chancellor #Uk #Breakingnews #DirectCapitalExchange #ForeignExchange #Currency #UKBudget

🚨 UK Budget 2024: What Business Owners and Families Need to Know 🚨 The UK’s first female Chancellor, Rachel Reeves, has just delivered a highly anticipated Budget that could bring significant changes for businesses, family estates, and high-net-worth individuals. With higher capital gains tax rates, adjustments to Business Asset Disposal Relief, and new limits on Agricultural and Business Property Relief, many will need to rethink their tax and succession strategies. Head of EQ Taxation, David Morrison discusses the highlights from today's budget and what they could mean for you, including: 📈 Capital Gains Tax rate increases 🚜 New £1M limits on Agricultural & Business Property Relief 💼 Changes impacting family business succession planning 📉 NIC increase and minimum wage adjustments affecting retail & hospitality Read our in-depth article to stay ahead of the changes and make informed decisions for your financial future. 🔗 https://lnkd.in/eMDg6C2f #UKBudget2024 #TaxPlanning #BusinessFinance #EQTaxation #CapitalGains #InheritanceTax #BusinessStrategy

In my opinion the primary focus of the upcoming budget is for the Trudeau government to demonstrate its commitment to fiscal responsibility. My thoughts are contained in the following article.

A very insightful article by client, Exchange Accountants on yesterday's Autumn Budget. For anyone looking for clarity on the main points, I highly recommend giving this a read or reach out to the team at Exchange who are always on hand to help!

2024 Spring Budget! 🌷 Chancellor Jeremy Hunt unveiled the long-awaited budget yesterday, addressing inflation and debt issues while promoting economic growth. The introduction of lower taxes brings optimism to UK citizens, coupled with efforts to enhance public services. 📊 In our latest article, we've summarised the key changes and anticipated benefits from the Chancellor's presentation. From VAT thresholds to National Insurance cuts and tax credits for British films! https://lnkd.in/eTs9WCa4 We'd love to hear your thoughts on the budget changes! 💬💼 #SpringBudget2024 #UKEconomy #TaxChanges #BusinessNews #Accountants

It's almost time for Chancellor Rachel Reeves' Autumn budget. It's the first budget for the new Labour Government. Big tax rises look inevitable, given the growing demands on the public purse. More investment is coming, too, but will that come with even more borrowing? 🤔 With just a few days before the big reveal, we're sharing the thoughts of our Head of International, David Piesing on what he would do (or wouldn't do in some cases) if he were in charge at Number 11. The markets have just started to benefit from lower interest rates, so an increase in Stamp Duty and Land Tax rates/allowances would likely bring more volatility and chaos. There are strong rumours that Reeves will wreak havoc with existing Inheritance Tax laws and allowances in a bid to fill the £21bn black hole she claims the previous Conservative Government left behind. To say she's unhappy with her public finance inheritance would be an understatement. She has apparently characterised the economic backdrop as the worst since World War II. Capital Gains Tax seems to also be in the crosshairs, with a rate increase almost certain. 📈 Find out more about Dave's budget wishlist. Is he guilty of wishful thinking or does he have some valid points? Time will tell. Read Dave's article from the beginning of October and judge for yourself. Share your thoughts with us in the comments below: 💬 #Chancellor #UKBudget2024 #Finance #InterestRates #TennCapital

What do you think of the Spring Budget delivered by Jeremy Hunt yesterday? Are the changes he has introduced achievable? I'd love to hear some feedback. 💼 #SpringBudget2024 #UKEconomy #TaxChanges #BusinessNews #Accountants

Autumn Budget 2024 - Summary   Rachel Reeves stood up yesterday to deliver the first Budget by a woman, “in our country's history” and stated that “the only way to drive economic growth is to invest, invest, invest.”   The Chancellor introduced measures, which she said, “raises taxes by £40bn.” The new Government set out significant investment plans to “rebuild Britain once again” but the Chancellor didn’t hold back when confirming the raises in taxes.   If you didn’t manage to watch or hear the Budget being delivered, we have summarised the main takeaways, in our Autumn Budget Summary linked below:   https://lnkd.in/emfDwpmP      #wearenrb #AutumnBudget2024

Ahead of Chancellor Jeremy Hunt’s Spring Budget on 6 March 2024, we explore the anticipated fiscal strategies and the prospects for the UK economy… With one week to go until the big announcement, speculation abounds regarding potential fiscal measures amidst a complex pre-election landscape. This Budget, pivotal for shaping the Conservatives’ economic stance, comes amid heightened scrutiny from both the public and private sectors. Our article looks into the predicted fiscal strategies, the constraints faced by the Chancellor and the broader implications for the UK economy. https://lnkd.in/eaiJmKe2 #SpringBudget #UKeconomy #Election2024 #finance #money