by kurt | 7 Mar 2024
With the UK entering a technical recession at the end of 2023 and a general election on the cards this year, Chancellor Jeremy Hunt was under pressure to deliver a Spring Budget that demonstrated fiscal responsibility and generosity.
Dubbing the fiscal statement a ‘Budget for long-term growth”, Hunt focused his speech on delivering tax breaks, boosting investment and tackling unfairness in the UK tax system, with some of the following measures:
✂️ Cutting NI by a further 2p
💸 Increasing the VAT threshold to £90,000
🚘 Extending the fuel duty freeze
📈 Enhancing the funding for high-growth industries
Check out our full summary report for an outline of the Chancellor’s major announcements, a break down of the economic forecast from the OBR, and analysis of what the new policies could mean for you.
by kurt | 23 Nov 2023
Against the backdrop of a cost-of-living crisis, a near-stagnant economy and a looming election, the 2023 Autumn Statement was seen to reflect a pivotal moment in the UK’s economic trajectory.
As Jeremy Hunt stepped up to the dispatch box for his second Autumn Statement as Chancellor of the Exchequer, the nation’s attention was firmly fixed on potential tax cuts.
In our report, we provide a comprehensive overview of the Chancellor’s key announcements, guiding you through the intricacies of the latest fiscal changes and dissecting the impact on businesses and individuals alike.
by Admin | 21 Feb 2021
If your business deferred VAT payments for the February, March or April 2020 VAT returns, HMRC has issued updated guidance in relation to the repayment of these outstanding amounts.
by Admin | 16 Nov 2020
Detailed guidance regarding the extension to the Coronavirus Job Retention Scheme.
by Admin | 27 Jul 2020
Just a fortnight after a summer statement Chancellor Rishi Sunak insisted wasn’t a ‘mini-Budget’, the Government has slipped out a raft of policy statements on the eve of parliamentary recess – including big news about Making Tax Digital.