Financial News Archives

Welcome to the November 2021 News Update from Prestige Business Management

Nov 30, 2021

Welcome to the November 2021 News Update from Prestige Business Management November 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 Third Quarterly Instalment Payment – 14 December For very large companies with annual taxable profits exceeding £20m (reduced if company is a member...

Welcome to the October 2021 News Update from Prestige Business Management

Oct 29, 2021

Welcome to the October 2021 News Update from Prestige Business Management October 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 P46 Deadline – 2nd November Forms P46(Car) for quarter ended 5 October (where benefits not payrolled) to reach HMRC by this date. Employment intermediary’s quarterly...

Best of Both Worlds Budget

Oct 28, 2021

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

Sep 30, 2021

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...

National Workforce Shortage

Sep 13, 2021

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,...

Bounce Back in the UK Economy

Sep 7, 2021

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...

Welcome to the August 2021 News Update from Prestige Business Management

Aug 31, 2021

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...

HMRC Get Tough on Fraudulent Furlough Claims

Aug 9, 2021

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...

Welcome to the July 2021 News Update from Prestige Business Management

Jul 29, 2021

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...

Spike in Inflation Will be Temporary

Jul 19, 2021

Inflation has risen sharply this year, driven in part by price rises in products like cars, chips and furniture, plus disruption to the supply chain. Some experts think this could signal forthcoming economic instability, whereas others say that a current spike in inflation will be temporary and can be explained by the economy bouncing back. Spike in Inflation Will be Temporary The rate of inflation...

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