Course Details

Our new Prime Minister is going to cut taxes: that much is certain. But how much and when is less clear and depends very much on who they turn out to be and what the country can realistically afford. A cut in the basic rate of income tax seems likely and, at face value, appears to be good news for everyone: but your clients may be affected in ways they do not expect, and you need to be ready to advise them.

 

In this session, Carl Bayley will cover:

  • What we know: the basic shape of known or anticipated tax cuts and brief summary of overall impact on taxpayers
  • Pension contributions: will they be more or less valuable, should clients look to accelerate or delay them
  • Gift Aid: the impact on both donors and charities, give now or hold off?
  • Landlords’ interest and finance costs: why a cut in the basic rate will mean some landlords are paying more tax
  • Business incorporation: what does the tax cut mean for small business owners looking to incorporate
  • Profit extraction: what does the tax cut mean for small company owners looking to pay themselves tax efficiently

 

By attending this session, delegates will understand the issues created by a cut in the basic rate of income tax and how to assist their clients in optimising their position as tax rates fall.

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.