Autumn Statement 2023
Published by Chloe Turner on Thu, 23/11/2023 - 8:20am
On Wednesday 22nd November, Jeremy Hunt delivered the Autumn Statement. What exactly did the Chancellor say and what did it actually mean?
News
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Latest guidance for employers
Published by Michael Graves on Wed, 08/11/2023 - 12:09pm
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including:
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Many firms still facing recruitment problems
Published by Michael Graves on Wed, 08/11/2023 - 12:07pm
Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC).
73% of firms surveyed by the BCC reported having recruitment problems, with businesses in the hospitality sector the most likely to report challenges.
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Hybrid and remote working here to stay
Published by Michael Graves on Wed, 08/11/2023 - 12:06pm
A large majority of UK business leaders plan to offer employees remote and hybrid working in the long-term, according to the Institute of Directors (IoD).
A survey conducted by the IoD found that 84% of business leaders polled plan to provide office-based staff members with some degree of remote working. The IoD's survey was conducted between 13 and 30 September 2023 and received 710 responses.
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Online platforms should sign up to Prompt Payment Code
Published by Michael Graves on Mon, 06/11/2023 - 12:03pm
Online platforms should commit to paying small businesses within a maximum of thirty days in line with the Prompt Payment Code, according to the Federation of Small Businesses (FSB).
The FSB has set out a range of proposals to protect small business owners who use online sales platforms to ensure that small firms can make the most of the opportunities of trading online.
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Scams warning issued to 12 million self assessment taxpayers
Published by Michael Graves on Mon, 06/11/2023 - 11:58am
Self assessment taxpayers must be on the lookout for scam texts, emails and phone calls from fraudsters, HMRC was warned.
HMRC has received more than 130,000 reports about tax scams in the past year, with 58,000 of those offering fake tax rebates.
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UK set for biggest tax rise in at least 50 years
Published by Michael Graves on Fri, 03/11/2023 - 11:46am
The UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation, according to analysis from the Resolution Foundation.
The think-tank said taxpayers are set to pay over £40 billion a year by 2028, up from a forecast of £30 billion at the time of the March Budget.
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Inflation rate holds steady as UK economy grows
Published by Michael Graves on Fri, 03/11/2023 - 11:45am
The UK’s rate of inflation held steady in September while the nation’s economy grew the month before, according to the latest figures from the Office of National Statistics (ONS).
The ONS revealed that the CPI rose by 6.7% in the 12 months to September, the same rate as was recorded in August. The CPIH, which includes owner occupiers' housing costs, rose by 6.3% during this time.
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Chancellor must use Autumn Statement to cement commitment to small firms
Published by Michael Graves on Fri, 03/11/2023 - 11:39am
The Chancellor should cement the government's commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB).
The FSB has called for a strong stand against late payments; an extension to the 75% business rates discount for retail, hospitality and leisure businesses beyond March 2024; and training in new skills to be tax-deductible for the self-employed.
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HMRC urges nearly 430,000 young people to claim Child Trust Fund cash
Published by Michael Graves on Wed, 11/10/2023 - 9:03am
HMRC has urged almost 430,000 young people with an unclaimed Child Trust Fund (CTF) to claim their cash.
CTFs are tax-free savings accounts that were created for every child born between 1 September 2002 and 2 January 2011. The government contributed an initial deposit of at least £250. Family and friends can contribute up to a maximum of £9,000 in any one year into an existing CTF account.