Spring Statement 2022
Introduction Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for 23 March. The timing and brief nature of the accompanying Treasury...
Budget Summary Autumn 2021
Budget highlights Substantial amounts of revenue over the next five years will be raised from previously announced measures, such as the freezing of tax allowances and the introduction of the Health and Social Care...
Self-Employment Income Support Scheme fifth grant
HMRC have published further guidance in relation to the fifth grant. A summary of this is provided below:- To be eligible for the grant you must be a self-employed individual or a member of a partnership. When you...
Brexit Support Grants
This week, HMRC has updated its guidance on which businesses will be able to apply for the SME Brexit Support Fund. This is a new grant worth up to £2,000 that can be used for training or professional advice. Below is a...
Paying VAT deferred due to COVID-19
HMRC have released further guidance in relation to paying the VAT that was deferred between 20 March and 30 June 2020. Please see below a summary of the announcement:- If you deferred VAT payments due between 20 March...