The chancellor Jeremy Hunt has delivered his Autumn Statement on 17 November, which was originally planned for 31 October. Mr Hunt’s aim is to bring inflation under control, provide stability for the government and stimulate growth in the economy. Latest Financial Autumn Statement In what has been described as a sombre Autumn statement, Mr Hunt spent under an hour outlining his plans to undo much...
The newly appointed chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. Latest Mini-Budget Reforms On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for 31 October. However this announcement was added ahead of schedule in an effort to...
Update: This information is out of date. Refer to our newer blog post to read our revision “Latest Mini-Budget Reforms” New chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for...
Chancellor Rishi Sunak delivered his budget dubbed best of both worlds budget on Wednesday. His announcements speak of a confidence in economic growth and official forecasts adjusting to signal more favourable predictions. Best of Both Worlds Budget Despite Mr Sunak’s business boosting announcements offering the best of both world budget, the Institute for Fiscal Studies says that average real wages will be lower by 2026...
Welcome to the September 2021 News Update from Prestige Business Management September 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Corporation Tax Payment – 1st October Due for businesses with 31 December 2020 year end. Additional Customs Requirements at UK Border – 1st October Mandatory...
Employers have been facing new challenges trying to fill their staff vacancies, as growth slowed to a six-month low in August. A shortage of staff, pingedemic workforce disruption and disturbances to the supply chain have hampered UK businesses, forcing growth to slow down to the lowest rate in half a year. The Covid pandemic and Brexit have both contributed to the current National workforce shortage,...
HM Treasury is in overdrive trying to solve the soaring national deficit whilst navigating the treacherous economic climate, resulting from the pandemic. So far the economy appears to be recovering faster than expected, albeit with scars. Yet figures seem to consistently beat the predictions made by official forecasts, which is a pattern we can see repeated throughout the Bounce Back in the UK Economy. Bounce...
August 2021 Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Claim CJRS for August – 14th September Deadline to claim CJRS for August 2021 claims Corporation Tax Payment – 14th September Corporation tax second quarterly instalment payment for very large companies with annual taxable profits exceeding £20m...
In his 2021 budget announced in March, Mr Sunak promised tax reform in an attempt to raise £2.2 billion towards erasing the national deficit, alongside increased investment in compliance capabilities for HMRC to get tough on fraudulent furlough claims. HMRC Gets Tough The chancellor promised to sharpen up on fraud, tax avoidance and tax evasion, hoping to raise £2.2 billion over five years. We are...
July 2021 Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Payment on Account Due – 31st July If you have a tax payment on account, remember to make your payment on time, which is due by midnight on 31st July Employee Furlough Contributions Rise – 1st August...
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