Chancellor Jeremy Hunt delivered what he described as a ‘Budget for Growth’ earlier this month after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year, with inflation predicted to fall significantly by the end of the year, writes Pearson May partner Matthew Rutter. Below he sets...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. This week we look at two of the key measures introduced in the Spring Budget. Pension lifetime allowance charge abolished from April Chancellor aims to bring over-50s back to the workforce. Click here to find out more...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Treasury receives £5.4bn surplus in January Monthly income tax receipts highest on record. Click here for more information Experts seek growth plan from Spring Budget Spring Budget scheduled for 15 March. For further details, click here
As the end of the 2022/23 tax year approaches on 5 April, it is also a good time to review your affairs, making the most of opportunities to maximise your income and minimise your tax, writes Pearson May partner Jacqui Bowden. Some tax planning may require action to be taken before 5 April. I...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Industry calls for pause of R&D reforms The House of Lords has expressed concern over some new measures. Click here to find out more UK sets out plans to regulate cryptocurrency HMRC aims to provide clarity for businesses and...
After multiple policy U-turns and much uncertainty, the main rate of Corporation Tax will rise from 19% to 25% from 1 April, writes Pearson May partner Matthew Rutter. The government will also establish a ‘small profits rate’, which will hold Corporation Tax at 19% on profits of £50,000 or less. According to the government,...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. HMRC publishes updated VAT penalty regime The new penalty system came into effect on 3 January. Click here to find out what has changed Small business tax debt is growing Non-payment has increased since the Covid-19 pandemic. Find out...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Treasury launches R&D tax reliefs review The consultation will look into merging the two schemes. Click here to read more The Association of Accounting Technicians (AAT) welcomes repayment claimant protections Lack of regulation leaves customers at risk and costs...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. MPs demand improvements to HMRC services HMRC has three months to address “unacceptable” standards. Click here to read more Taxpayers reminded to report crypto gains Cryptoassets are subject to income tax and capital gains tax. Find out more here ...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. R&D relief guidance under review Reforms to come into effect on 1 April. Click here to read more Spring Budget set for 15 March The announcement will be accompanied by a forecast from the OBR. Find out more here
