Pre Budget Tax Update As the 30 October 2024 budget approaches, small businesses should be preparing for potential tax changes that could significantly affect their finances. While the full details won’t be known until the official announcement, speculation is growing around key measures that businesses, especially directors, need to consider in advance. One of
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR)
The Scottish Government outlined their budget proposals for 2023-2024 today, on 15th December 2022. These proposals set out the tax and spending plans for the next couple of years and follow on from the UK Governments Autumn Statement of 17th November, outlined in our blog post here. The Scottish Government has limited taxation powers, including
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending
Update 21/11/22 Please note this post has not aged well…….. The Health and Care Levy is still scrapped and the AIA £1 million limit is still permanent. However the other measures are scrapped! See our next post on the Autumn Statement. Tax Changes For Businesses In Scotland Welcome to our Mini Budget update for
The Chancellor of the Exchequer, Rishi Sunak, presented his Spring Statement to Parliament yesterday, Wednesday 23 March 2022, and we provide a summary below. We will post more detailed analyses of the changes businesses need to make to take advantage of these changes as the details are published by HMRC. Understandably, the Chancellor opened his
