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Shayda Saidi
Nov 17, 20222 min read
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...
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Shayda Saidi
Nov 17, 20221 min read
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...
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Shayda Saidi
Nov 17, 20222 min read
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...
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Shayda Saidi
Nov 17, 20222 min read
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...
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Shayda Saidi
Nov 17, 20223 min read
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...
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Shayda Saidi
Nov 17, 20221 min read
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...
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Noel Aloko
Nov 17, 20222 min read
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...
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Noel Aloko
Nov 17, 20222 min read
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...
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Noel Aloko
Nov 17, 20221 min read
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...
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Noel Aloko
Nov 17, 20221 min read
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...
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Noel Aloko
Nov 8, 20221 min read
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...
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Noel Aloko
Nov 1, 20222 min read
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...
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Shayda Saidi
Oct 17, 20221 min read
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...
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Shayda Saidi
Oct 14, 20223 min read
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...
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Shayda Saidi
Oct 4, 20223 min read
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,...
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Noel Aloko
Sep 24, 20222 min read
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...
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Noel Aloko
Sep 24, 20222 min read
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...
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Shayda Saidi
Sep 24, 20222 min read
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%...
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Shayda Saidi
Sep 24, 20222 min read
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...
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Shayda Saidi
Sep 24, 20222 min read
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...
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