As we prepare for the new fiscal period in April 2024, staying proactive and well-informed about payroll changes is paramount for businesses of all sizes. After this year’s Spring Budget,…
Read More
Yesterday, Jeremy Hunt delivered the 2023 Autumn Statement, his third fiscal announcement as Chancellor of the Exchequer. Following the OBR’s recent confirmation that inflation has halved since January, the statement…
Read More
As of the 1st of February 2023, HMRC stopped sending receipt letters for VAT option to tax (OTT) notifications. They will, however, continue to send an automated email reply to…
Read More
On the 19th of December, the Exchequer Secretary to the Treasury, James Cartlidge, laid out plans to extend the alcohol duty freeze in line with reforms taking place in August…
Read More
As we celebrate the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023…
Read More
Despite previous decisions to cancel the increase, it has been confirmed that the main rate of corporation tax will go up to 25%. In the September mini budget, ex-Chancellor Kwasi…
Read More
In November, Jeremy Hunt announced upcoming changes to income tax, most notably a reduction of the threshold at which people are required to pay the additional income tax. When Chancellor…
Read More
The government has decided to make the £1,000,000 limit for the Annual Investment Allowance permanent, eliminating plans to reduce it to £200,000 in April 2023. The Annual Investment Allowance (AIA)…
Read More
In his Autumn Statement, Jeremy Hunt announced that there will be changes to the Research and Development tax relief for small and medium-sized enterprises (SMEs) When Jeremy Hunt delivered his…
Read More
As part of his Autumn Statement, Chancellor Jeremy Hunt announced a reversal of the temporary increase in National Insurance Contributions and the cancellation of the Health and Social Care Levy. …
Read More
