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Autumn Statement 2022: energy support extended by a year
In the Autumn Statement, Chancellor Jeremy Hunt has pledged a further £6bn to improve household’s energy-efficiency From April 2023, the...

Shayda Saidi
Nov 17, 20222 min read
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Autumn Statement 2022: diverted profits tax increases to 31%
The rate of diverted profits tax will rise by 6% from the new tax year, according to the Autumn Statement Green Book From April 2023, the...

Shayda Saidi
Nov 17, 20221 min read
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Autumn Statement 2022: minimum wage raised to £10.42
The Chancellor has announced an increase in the national minimum wage for those aged 23 and over to £10.42 From April 2023, those on...

Shayda Saidi
Nov 17, 20222 min read
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The Chancellor announced that public spending on R&D tax credits will be increased, reaching £20bn a
For expenditure on or after 1 April 2023, the research and development expenditure credit (RDEC) rate will increase from 13% to 20%, the...

Shayda Saidi
Nov 17, 20222 min read
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Autumn Statement 2022: electric vehicles will be taxed
The government plans to tax electric vehicles from April 2025 to equalise the road vehicle excise duty with petrol and diesel vehicles...

Shayda Saidi
Nov 17, 20223 min read
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Autumn Statement 2022: employer NIC threshold frozen
The Chancellor announced plans to freeze the employer National Insurance threshold until 2028 The National Insurance secondary threshold...

Shayda Saidi
Nov 17, 20221 min read
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Autumn Statement 2022: basic income tax thresholds frozen
The Chancellor committed to keeping basic and higher rate income tax rates at current levels but extended the threshold freeze to 2028...

Noel Aloko
Nov 17, 20222 min read
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Autumn Statement 2022: dividend tax allowance cut to £1k
From April 2023, the dividend tax allowance will be halved to £1,000 from the current £2,000 with a further cut to follow The dividend...

Noel Aloko
Nov 17, 20222 min read
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Autumn Statement 2022: capital gains tax exemption cut to £6k
T he Chancellor plans to halve the capital gains tax exemption to £6,000 from the new tax year The tax free allowance for capital gains...

Noel Aloko
Nov 17, 20221 min read
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Autumn Statement 2022: 45% tax will start at £125k
The threshold for the additional rate of income tax will be reduced to pull more top earners into the 45p tax bracket The Autumn...

Noel Aloko
Nov 17, 20221 min read
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HMRC will raise interest rates on tax debt from 22 November following the 0.75% increase in the Bank
The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest...

Noel Aloko
Nov 8, 20221 min read
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Roger Bradbury: PCP in contrast to Hire Purchase contract
A PCP would normally be regarded either as a finance lease or an operating lease for accounting purposes, depending on the accounting...

Noel Aloko
Nov 1, 20222 min read
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Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng...

Shayda Saidi
Oct 17, 20221 min read
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Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25%
This will raise £18bn for the Exchequer and will see corporation tax for larger businesses increasing from 19% to 25%. Speaking at a...

Shayda Saidi
Oct 14, 20223 min read
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The Chancellor Kwasi Kwarteng has confirmed that the government has U-turned on its plans to scrap t
Kwarteng announced the U-turn on Twitter this morning, saying: ‘We are not proceeding with the abolition of the 45p tax rate. We get it,...

Shayda Saidi
Oct 4, 20223 min read
17 views
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Tax breaks for investment zones planned
The Chancellor has targeted 2.5% growth and to support this has announced the creation of investment zones, offering substantial tax...

Noel Aloko
Sep 24, 20222 min read
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Stamp duty land tax slashed
The threshold for stamp duty land tax (SDLT) has been doubled to £250,000 for all home purchases with immediate effect The current...

Noel Aloko
Sep 24, 20222 min read
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Corporation tax frozen at 19%
As trailed, the Chancellor confirmed that the planned 6% rise in corporation tax will not go ahead in April 2023 with rates set at 19%...

Shayda Saidi
Sep 24, 20222 min read
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1.25% cut in national insurance for employees and employers
The Chancellor has confirmed that he will cut national insurance by 1.25% for employees and employers from 6 November Scrapping the rise...

Shayda Saidi
Sep 24, 20222 min read
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Basic rate of income tax cut to 19%
The Chancellor Kwasi Kwarteng has brought forward by a year the cut in the basic rate of income tax to 19% from April 2023 The cut has...

Shayda Saidi
Sep 24, 20222 min read
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