Autumn 2022 Newsletter
Simpson Wood27th July 2022
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New measures aim to ‘break the spell’ of fraudsters
New measures aim to ‘break the spell’ of financial fraudsters by giving payment providers more time, according to draft legislation published by the government. Until now, payment service providers such…
The National Minimum Wage is the single most successful economic policy in a generation, says think tank
The introduction of the UK’s National Minimum Wage (NMW) in 1999 is the single most successful economic policy in a generation, according to the Resolution Foundation. The NMW has increased…
Bank holds interest rates as inflation and economy show improvement
The Bank of England held interest rates at 5.25% despite continued falls in the rate of inflation and a return for growth for the UK economy in January. The Bank’s…
HMRC’s services having a negative impact on SME productivity
The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA). In a survey of…
Business groups say challenges remain despite encouraging Budget
The UK’s business groups warned that challenges remain despite the Chancellor delivering an encouraging Spring Budget. The British Chambers of Commerce (BCC) said that while the cut to NICs would ‘boost…
New HMRC R&D tax relief guidance ‘could be clearer’, says ICAEW
New guidance from HMRC on Research and Development (R&D) tax relief ‘could be clearer’, according to the Institute of Chartered Accountants in England and Wales (ICAEW). HMRC’s draft guidance covers the…
