Business News
Spring Budget Statement 2023
Jeremy Hunt has used his Budget Statement to set out a number of measures with the aim of improving the country’s growth. The Chancellor has built on his Autumn Statement and the majority of the changes announced at that time will still come in as planned from April....
Research & Development relief guidance under review.
HMRC is inviting people to comment on draft guidance relating to the upcoming R&D tax credit relief reforms. The reforms, expected to be implemented from 1 April 2023, will change how R&D works in practice, and set out additional information requirements when...
Autumn Statement 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 the Bank of England predicts it will stay...
Chancellor’s Emergency Statement
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 by the...
Mini-Budget 2022
The Chancellor used his mini-budget to announce a broad range of measures to support individuals and business and reduce taxes Kwasi Kwarteng has moved to reverse previously announced tax rises and to announce a number of taxation reductions and incentives. Reversal...
Spring Statement 2022
The Chancellor has used the Spring Statement to provide further support for businesses and individuals, as we all face the challenge of increasing inflation from rising fuel prices and the impact of the war in Ukraine. As the Bank of England predicts inflation hitting...
National Insurance & Dividend Tax Increases from 6 April 2022
As the country suffers from high inflation and increasing fuel prices the proposed increase in National Insurance and Dividend Taxation are expected to go ahead next month. The Health and Social Care Levy will then replace these increases and will apply from April...
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...