IFS warns of fall in household incomes
The Institute for Fiscal Studies (IFS) has warned that household incomes will see their biggest drop in generations following the Autumn Statement. The think tank warned that growth in living…
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OECD warns UK on course for biggest economic downturn
The UK economy is to suffer the biggest hit of all the G7 nations next year, according to a report from the Organisation for Economic Cooperation and Development (OECD). The…
Auto-enrolment has helped workers save £114 billion into pensions
Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago, according to data published by the Department for Work and Pensions…
UK businesses anticipate growth in exports
A significant number of UK businesses that trade internationally expect to see an increase in their exports over the coming year, according to an Institute of Directors (IoD) survey. The…
Digital Services Tax has raised £358 million
The UK’s Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year, according to data published by the National Audit Office (NAO). The DST was…
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2022. The guidance states: ‘you can use the previous rates for up to one month from…
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…
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
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…
Celebration of 140 Years and Rebrand For The Future
Simpson Wood, celebrated its 140th anniversary last night and is looking to the future with a brand-new look and feel. After being delayed for 24 months due to Covid, the…
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