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17 Nov 2022
The Chancellor has used the Autumn Statement to set out a number of measures to improve the country’s economy via spending restrictions and tax increases and to reassure the markets’ view of the UK. As the CPI hits 11.1% and... Read more
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Autumn Statement 202231 Oct 2022
Mortgage rates have been rising throughout 2022, but there was a significant increase after the mini-budget announcement on 23 September. The average two-year mortgage also hit its highest rate since the 2008 financial crisis at 6.07%. Following the announcement, a... Read more
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Insider November 202231 Oct 2022
Late September into mid-October has been a turbulent time for the Government and a confusing time (at best) for taxpayers, after former chancellor Kwasi Kwarteng’s fiscal statement. On 17 October, the new chancellor, Jeremy Hunt, reversed around two thirds of... Read more
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IR35: The rules now31 Oct 2022
A combination of financial challenges, eviction bans and a perceived lack of support meant the rental market was hit hard by the COVID-19 pandemic. Now, landlords and tenants are feeling the effects of rising costs. Landlords are also concerned about... Read more
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Buy-to-let CGT17 Oct 2022
The New Chancellor has announced the reversal of many changes from his predecessor’s mini-budged. Jeremy Hunt has moved to reverse many of the changes previously announced by Kwasi Kwarteng. The Chancellor will have his own mini-budget on 31 October supported... Read more
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Chancellor’s Emergency Statement07 Oct 2022
Kwasi Kwarteng has announced the biggest bundle of tax cuts since 1972 in his first fiscal statement as Chancellor. Income tax, corporation tax and stamp duty make up the majority of the most significant cuts in a bid to promote... Read more
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Insider: October 202207 Oct 2022
Nobody wants one, but a recession in the UK is looming, with the Bank of England (BoE) and British Chambers of Commerce (BCC) predicting the UK will enter one by the end of 2022. The monetary policy committee of the... Read more
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Making business savings during a recession07 Oct 2022
After much anticipation from accountancy bodies and businesses, HMRC has finally updated its guidance on Making Tax Digital (MTD), filling in several blanks. HMRC updated some of its informational pages on GOV.UK in late August, including fresh information on how... Read more
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HMRC updates MTD guidance27 Sep 2022
Last week’s fiscal statement, the ‘mini-Budget’ that the Government insisted wasn’t, in fact, a Budget at all, came at 9:30am on Friday 23 September and brought with it some significant, unexpected and (in some cases) controversial measures. Amid preceding uncertainty... Read more
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Fiscal Statement 2022: Digital