With the Autumn Budget approaching, many business owners are feeling understandably cautious. To help you prepare, we’ve summarised the main areas currently being discussed in the lead-up to Budget day, focusing on the issues most relevant to small and medium-sized businesses — including those in the agricultural sector where appropriate.
Results
Budgets and Statements
Wheelers Words: Inheritance Tax (“IHT”) – Post Consultation Announcements
Further to consultations launched earlier in the year in respect of the proposed changes to Agricultural Property Relief (“APR”), Business Property Relief (“BPR”), and Pensions as announced in the...
Wheelers Words – Spring Statement 2025
The Spring Statement 2025 Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains...
Autumn Budget 2024 – Tax Raid on Pensions
As many of you will have seen or heard from last week’s Budget, the Chancellor will now bring the vast majority of pension schemes within the scope of Inheritance Tax from April 2027. This measure...
Autumn Budget 2024 – Implications for Agricultural and Business Property Relief
Many of you will have already seen our Wheelers Words which highlights, as an overview, the changes announced in yesterday’s Budget. However, the impact for businesses, and in particular the...
Wheelers Words – Autumn Budget 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves...
Wheelers Words – Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures...