The last Budget before the UK leaves the EU was revealed by Chancellor Philip Hammond at the Houses of Parliament today. With the country edging close to Brexit, and no deal in place, the small business community is facing an uncertain time. The chancellor has tried to immunise the community from the uncertainty surrounding Brexit and give a well-needed boost to high street businesses.
chancellor
With a new Budget around the corner and just a few months since the last one, 2017 has been a bumper year for Budgets. Following on from the Spring Budget in March, Wednesday the 22nd of November will see the first ever Autumn Budget; but why has the date of the Budget changed and how will it impact your business?
[continue reading…]
Working out the Value Added Tax (VAT) and making sure that your business is complying with the VAT laws is time consuming for small business owners. In research conducted by the Federation of Small Businesses (FSB) it was found that small business owners spend a whole working week every year trying to comply with the obligations that come with VAT.
[continue reading…]
The Chancellor delivered some good news for small companies in today’s Budget, although his ability to announce any significant cheer to the UK’s firms was understandably limited by the dire state of the public finances.
[continue reading…]
One of the most significant announcements made during the Chancellor’s Autumn Statement was the temporary increase of the Annual Investment Allowance from £25,000 to £250,000.
[continue reading…]
With little room to manoeuvre given the country’s ongoing economic problems, the Chancellor managed to provide some good news to company owners in today’s Autumn Statement, with a ten-fold increase in the Annual Investment Allowance, and the scrapping of the unpopular ‘controlling persons’ proposals. On the flip side, pension tax relief has been reduced for higher rate taxpayers, and income tax thresholds will not rise in line with inflation.
[continue reading…]
PCG, the contractors’ organisation, has written to the Chancellor in advance of his December 5th Autumn Statement, to highlight two controversial issues which affect public sector contractors and interims in particular.
[continue reading…]
The Chancellor will deliver his ‘Autumn Statement’ (previously known as the ‘Pre-Budget Report’) on 5th December 2012.
[continue reading…]
