Late September into mid-October has been a turbulent time for the Government and a confusing time (at best) for taxpayers, after former chancellor Kwasi Kwarteng’s fiscal statement. On 17 October, the new chancellor, Jeremy Hunt, reversed around two thirds of the tax cuts in the fiscal statement, including complicated changes to the controversial off-payroll working rules known as IR35.

A combination of financial challenges, eviction bans and a perceived lack of support meant the rental market was hit hard by the COVID-19 pandemic. Now, landlords and tenants are feeling the effects of rising costs.

HMRC has announced that penalties will be issued to those not completing VAT returns through Making Tax Digital (MTD) from 1 November 2022.

The Government is joining forces with lenders and agencies to tackle the high level of bounce-back scheme fraud cases.

The Bank of England (BoE) has predicted that the UK will enter a recession before the end of the year.

Kwasi Kwarteng has announced the biggest bundle of tax cuts since 1972 in his first fiscal statement as Chancellor.

Nobody wants one, but a recession in the UK is looming, with the Bank of England (BoE) and British Chambers of Commerce (BCC) predicting the UK will enter one by the end of 2022.

HMRC updated some of its informational pages on GOV.UK in late August, including fresh information on how to meet the requirements for MTD for income tax self-assessment (ITSA) and how to sign up for the scheme.

One of other areas of focus was to elaborate on the Government’s relief package to help businesses and households tackle the catastrophic rise in energy prices. Kwarteng announced three key measures. Find out more about what was announced in this article.

During the fiscal statement, the Chancellor announced a range of measures to ease the pressure on businesses across the country.

In addition to scrapping the 1.25 percentage point health and social care levy (as above), which the Treasury says will make it cheaper for businesses to employ more staff, Kwarteng went further to cut taxes on businesses as well as push for increased development in some regions of England. Find out more details in our article breaking down all that was said on the Chancellor’s fiscal statement.

A new not-so-mini Budget has been announced - what does this mean for you and your family? Covered in this article is a breakdown of how the new budget will affect you personally, referencing income tax changes, the National Insurance increase being reversed, changes to dividend tax rates, alterations to stamp duty, and new rules around universal credit.

Last week’s fiscal statement, the ‘mini-Budget’ that the Government insisted wasn’t, in fact, a Budget at all, came at 9:30am on Friday 23 September and brought with it some significant, unexpected and (in some cases) controversial measures. Covering the personal impacts of these new measures, the support for businesses and the government’s energy package, find out more about what this not-so-mini Budget means for you.

The Government has announced plans to relax capital gains tax (CGT) rules in divorce settlements, giving spouses and civil partners more time to transfer assets without incurring CGT charges.

The Government’s “help to grow”: digital’ scheme has now expanded to include businesses with fewer than five employees.

The Government has announced a £400 energy bill grant will be paid to customers over six payments to help households cope with the cost-of-living crisis.

The Bank of England (BoE) has increased interest rates to 1.75%, the first rise of half a per cent in over 20 years.

Hiring an employee for the first time is an exciting moment for any business owner. The Government advises there are seven main steps a business owner needs to take when they first become an employer. In this article, we go through each of these steps in detail, so you know exactly what you need to do.

There are HMRC incentives to help you pay less tax on the assets you buy: these are called capital allowances. But there is a myriad of rules for which this tax relief can be applied to get your head around. Here is a rundown of the main capital allowance tax reliefs.

A business exit strategy is a plan for what will happen when you want to leave your business. A lot of people think of an exit strategy as a plan to guard against disaster or something that has to be carried out right away after its conception. But this usually isn’t the case…