This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Household support fundThe Chancellor confirmed that he would double the amount made available to the Household Support Funds operated by local Councils. The fund provides short-term financial support to vulnerable households struggling to afford household essentials. Business rates relief and exemptionsIt was announced that the business rates multiplier ...
Read moreR&D tax reliefIn the previous 2021 Autumn Budget the Chancellor announced that the system for claiming relief for investment in Research and Development (R&D) was to be reformed. This reform was confirmed in this Spring Statement; meanwhile, all cloud computing costs associated with R&...
Read moreFuel DutyAlthough this measure had been widely expected, the main 'headliner' was the cut in fuel duty. The announcement was for a temporary 12-month cut to duty on petrol and diesel of 5p per litre, representing a tax cut of around £2.4 billion over the next year. The RAC ...
Read moreThe Spring Statement was presented by the Chancellor, Rishi Sunak, on 23 March 2022. When the Chancellor stood up in the Houses of Parliament to deliver his Spring Statement it was against the backdrop of what the Office of Budget Responsibility has called 'the biggest hit to household finances since ...
Read moreQ1. After several years of successive growth, my wife and I have decided to incorporate our partnership. We have a number of assets used in the trade for which we have claimed relief using the annual investment allowance. As the trade is being effectively disposed of to the ...
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