Business News
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...
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”...