Business News

Budget 2018 Report

Budget 2018 Report

Going into Budget 2018, between leaks and political instability, few expected Chancellor Philip Hammond would have surprises left to spring. However, under pressure to support No 10’s ‘end of austerity’ message, bolstered by revised growth forecasts from the Office of...

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Budget 2018: Expectations

Budget 2018: Expectations

Chancellor Philip Hammond is set to give his Budget speech on 29 October 2018, earlier than the usual date to avoid any clash with the final stage of Brexit negotiations. Brexit is one of the main pressures overshadowing Budget 2018, along with the question of how to...

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Budget 2018 Summary: Business

Budget 2018 Summary: Business

IR35 Extended To The Private Sector Medium-sized and large businesses will become responsible for assessing an individual’s employment status and determining whether the off-payroll rules apply. The reform will not apply to the smallest 1.5 million businesses and will...

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Budget 2018 Summary: Personal

Budget 2018 Summary: Personal

Personal Allowance & Higher-Rate Threshold The personal allowance and higher-rate threshold will increase to £12,500 and £50,000 respectively in April 2019 – a year earlier than set out in last year’s Conservative manifesto. Stamp Duty For First-Time Buyers Stamp...

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Budget 2018: What We Know Already

Budget 2018: What We Know Already

With only a few days until Budget 2018 on 29 October, it’s still hard to say what kind of surprises might be in store. However, there are a few changes already set in stone for the 2019/20 tax year. Here’s what we know already. Auto-Enrolment Under auto-enrolment...

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Key Facts on MTD for VAT

Key Facts on MTD for VAT

Key Facts on MTD for VAT Making Tax Digital, or MTD, is part of a wider plan by HMRC to transform the way it handles its relationship with taxpayers by using technology. In time this will cover most taxes, however to begin with it will focus on VAT. MTD for VAT: In a...

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OTS calls for business tax simplification

OTS calls for business tax simplification

The Office for Tax Simplification (OTS) is calling on the government to reform the tax system for businesses at the key stages of their growth. A report published on 16 April 2018 outlines several areas where the taxation of businesses could be simplified and reliefs...

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Over 55’s worried about running out of retirement income

Over 55’s worried about running out of retirement income

Nearly half of people aged over 55 fear the prospect of running out of money in retirement, research shows. SunLife polled 50,000 individuals and found that 2 in 5 over-55s worry about whether their pension will cover retirement, while 43% are concerned they might run...

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Directors positive about UK economy

Directors positive about UK economy

Business leaders’ optimism about the UK economy has turned positive for the first time in almost a year, a survey by the Institute of Directors (IoD) shows. The IoD polled 693 company directors and found that confidence in the economy reached 1% in March 2018, having...

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