Self assessment clock ticks down to under 100 days
Self assessment clock ticks down to under 100 days HMRC has reminded taxpayers that they are now less than 100 days until the deadline for self assessment online return submission. Self…
Blog Posts
Inflation returns to 40-year high
Inflation returns to 40-year high The rate of inflation rose to 10.1% in September as the economy felt the effects of rising prices and the fallout from the Mini Budget,…
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: Please contact us for help with tax matters. Internet link: Employer Bulletin
British Business Bank lending now exceeds £12 billion
British Business Bank lending now exceeds £12 billion The British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according…
Autumn Statement Summary & Tax Tables 2022/23
The Chancellor, Jeremy Hunt, was faced with a challenging economic backdrop to his first major set piece, grappling with a combination of over 11% inflation, an official recession and the…
IMF criticises government over tax plans
The International Monetary Fund (IMF) warned the UK government against ‘large and untargeted fiscal packages’ following the Mini Budget. The IMF stated that tax measures announced by Chancellor Kwasi Kwarteng in…
Action Fraud warns scammers are exploiting cost-of-living crisis
Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams. Action Fraud revealed that more than 1,500 reports have been…
Government caps business energy bills
Wholesale energy prices for businesses will be capped at ‘less than half’ of the anticipated winter levels under the government’s support package. The Energy Bill Relief Scheme offers discounts for all firms…
SMEs facing recruitment struggles
Eight in ten small businesses are finding it difficult to recruit staff, according to a report published by the Federation of Small Businesses (FSB). The FSB’s ‘Scaling up Skills’ report…
HMRC raises late payment interest from 11 October
HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate. This means that the late payment interest rate will increase to 4.75% from…
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