Pension options at the age of 55

Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible. If you are approaching 55, you might be feeling a twinge of trepidation or excitement that you could soon become “a...

Chancellor announces tax and spending plans in Autumn Budget

As the country emerges from the COVID crisis, Chancellor Rishi Sunak announced in his Budget today real terms increases in spending for all departments and some tax changes. The Chancellor attempted to paint a positive picture for the future, with increased spending...

Chancellor announces tax and spending plans in Budget

As the country continues to deal with the COVID crisis, Chancellor Rishi Sunak announced in his Budget today a broad range of measures to support businesses and households alongside details of how the ongoing support shall be financed.

The new VAT rules for construction sector start on 1st March 2021

New VAT rules are due to come into effect today which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”. The new “reverse charge”...

Government announces SME Brexit Support Fund

The Government has announced a £20 million SME Brexit Support Fund to support SME businesses adjust to new customs, rules of origin, and VAT rules when trading with the EU. The SME Brexit Support Fund is open to SMEs who only trade with the EU and are therefore new to...