2023 Autumn Statement The 2023 Autumn Statement announced today, Wednesday 22nd November, has outlined some important changes for workers in the UK. With the Office for Budget Responsibility (OBR) predicting an ‘overall’ UK growth this year of 0.6%, and an expected decrease in inflation from 5.6% in October 2023 to [...]
2023 Spring Budget As expected, the 2023 Budget has been a quiet one. The positive news is that the Office for Budget Responsibility (OBR) has said the UK will now not enter a technical recession this year. Inflation will also more than half and reduce to 2.9% by the end [...]
Emergency Statement on Mini-Budget 2022 Chancellor’s statement 17 October 2022 New Chancellor Jeremy Hunt has made a statement today to MPs in the House of Commons, reversing most changes in the Mini-budget 2022 that had not already started a parliamentary process. Following his recent appointment as Chancellor last week, and [...]
2022 Mini-Budget Today, Friday 23 September 22, Kwasi Kwarteng has unveiled his latest plans to MPs in the House of Commons, to deal with the current cost of living crisis. The Chancellor unveiled his Growth Plan to release the huge potential in the British economy by tackling high energy costs, [...]
Covid Tax Breaks - Don't miss out! With increasing living costs and inflation currently at 9.4%, now is more important than ever to protect cashflow and make the most of tax relief available to businesses, as well as employees. Super deduction on plant and machinery Companies investing in capital assets [...]
Tax Implications Of Crypto: The New World In April 2020, one unidentified bitcoin wallet transferred 161,500 BTC to another unidentified bitcoin wallet in one single transaction with the current worth being approximately $1.1 billion, making this the largest bitcoin transaction of all time. Introducing cryptoassets… Cryptoassets (often referred to as [...]
Electric Cars - Added benefits of going green With the technology behind electric vehicles improving year on year, it’s no surprise that switching to an electric car is an increasingly enticing option for drivers. As well as the environmental benefits, as a business owner, it could also make a lot of financial [...]
Highlights from the 2020 Budget Amongst all the present focus on the coronavirus, Rishi Sunak has delivered his first budget as chancellor. With a mix of expected and surprising changes to tax and the wider economy, we highlight some of the important considerations. National Insurance As pledged in the Conservative [...]
Bank of England announces historic interest rate cut on budget day Amid growing concerns about the scale of disruption expected because of the coronavirus, the Bank of England has today announced an emergency cut in interest rates. Why has the cut been made? The decision by policymakers to reduce rates [...]
Changes to the criteria for claiming Employers Allowance One of the changes coming with the new tax year will see an amendment to the criteria for employers hoping to claim an allowance against their National Insurance (NI) bill. What are the changes? Currently all employers can claim relief of the [...]
