Autumn Budget 2022 The Autumn Budget 2022 has finally been announced by Jeremy Hunt on 17th November 2022 following a two-week delay and weeks of chaos following his predecessors’ announcements. It has been anticipated that the Autumn budget 2022 would feature a number of tax increases and budget cuts. From council tax bills and energy bills, to income tax rates
Mini Budget – Where are we now? Following a mini budget announcement that rocked the markets, the government made a dramatic u-turn. That mini budget has since had further u-turns, not to mention the latest turnaround in Prime Minister and Chancellor – it’s a struggle to keep up! Where are we now? On the morning of 17 October,
Mini Budget U-Turn A dramatic mini budget U-Turn was witnessed last week. The Chancellor is reversing the plan to scrap the 45p top rate of income tax announced at the end of September in the Mini budget. This decision comes after several Tory MPs voiced their opposition to the proposed plan. Why? The government had been planning to borrow money
Start-Up Business Loans The Start-up Business Loans scheme launched in 2012 is being extended according to Prime Minister Liz Truss and Jacob Rees-Mogg. An £884m loan scheme for new businesses is to be greatly expanded, delivering much needed finance to the UK’s array of innovative start-ups, Start-up Business Loans offer support and funding to new businesses that have been
The Emergency Budget and Mini Budget was announced today 23rd September by Chancellor Kwasi Kwarteng. His announcements come amid the Government’s growth plan vowing to break the ‘cycle of stagnation’ The ‘Emergency Budget’ and Mini Budget has seen the biggest assault on the tax burden since 1972. Emergency Budget and Mini Budget In Summary: Freeze on Energy Bills
Energy bills to freeze according to the new PM Liz Truss who announced a £150 Billion bailout package. The bailout is designed to freeze the domestic energy bill cap on typical households at £2500* for the next 2 years. * Some household will use more energy and be billed more, so this is not a hard cap of £2,500 on
Cost of Living Business Strategies There are lots of tips out there for managing personal and business finances as the cost of living increases on what seems to be a weekly basis. Whilst we can all use our kettle less, and switch lights off, the burning question is what can we do as a business strategy that holds longevity
On the 26th August the energy price cap was announced, and goes up again by 80% from 1st October 2022 for 24 million people in England, Scotland and Wales. If you’re on a default tariff and pay by direct debit, your bills will increase by £1,578 a year to £3,549. If you’re a prepayment customer, your payments will rise by £1,591
Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital (MTD) for Income Tax from 6 April 2024 and submit digital tax filing, Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to test and develop the Making
Hosepipe bans are in force in a number of areas across the country, and whilst we all know it could affect our homes, the question is, can it affect small businesses? Following the driest July in England since 1935, hosepipe bans have come in effect in Hampshire, the Isle of Wight Kent, Sussex, and Pembrokeshire as water companies try
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