Team Truss cut taxes to stimulate the economy

On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal Event” or […]

The normal budget process is for the Office of Budget Responsibility (OBR) to report on the state of the UK economy at […]

It was on 7 September 2021 that we first heard about a new 1.25% Health and Social Care Levy, imposed on employers, […]

Many director/shareholders of family companies pay themselves a small salary and take the rest of their “pay” in dividends. With dividends being […]

The previous Chancellor, Rishi Sunak, had dangled a possible cut in the basic rate of income tax from 20% to 19% from […]

In the March 2021 Budget, Rishi Sunak announced that the rate of corporation tax would increase to 25% from 1 April 2023 […]

Businesses investing in plant and machinery will welcome the decision to make the £1 million Annual Investment Allowance (AIA) permanent. This has […]

The much criticised “off-payroll” working rules were introduced for the public sector from 6 April 2017 and then extended to large and […]

The Government is in discussion with 38 local authority areas in England to set up ‘Investment Zones’ in specific sites within their […]

The new Chancellor has given his support to the tax-advantaged Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) and said he […]