by admin | Mar 8, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
On 6 March we saw the Chancellor, Jeremy Hunt, deliver the spring budget ahead of the general election. The ‘Budget for Long Term Growth’ announced the economy is turning a corner with inflation expected to fall, lowering taxes, improving public services and seeing...
by admin | Nov 22, 2022 | HMRC, Self Employed, Tax, Tax Planning, The Budget
Last week saw the current Chancellor, Jeremy Hunt, deliver the much-awaited Autumn Statement. There had been significant speculation around the tax rises and spending cuts that this statement would potentially bring, and it is fair to say that there were few surprises...
by admin | Mar 18, 2021 | Business, The Budget
Under the new scheme outlined by the chancellor, from 1st April 2021 – 31st March 2023 (i.e for the next 2 years) companies will be able to claim 130% capital allowances on investments in plant and machinery Meaning that you are able to claim tax relief over and...
by admin | Nov 6, 2018 | HMRC, Self Employed, Tax, The Budget
Most to pay less from April 2019 Most people will pay less income tax from next April after the personal allowance and higher rate tax thresholds were both increased in the Budget – but higher earners will see part of the gain cancelled out by stealth rises to...
by admin | Nov 24, 2017 | Making Tax Digital, Self Employed, Tax, Tax Planning, The Budget, VAT
VAT To the relief of many there will be no immediate reduction to the VAT registration threshold although it will remain frozen at £85,000 for two years. The government will keep this issue under review, they will consult on the design of the threshold and consider...
by admin | Mar 15, 2017 | Tax Planning, The Budget
Good news! The chancellor has today announced that the proposed hike to NIC for the self employed has been scrapped.
