Budget

Accountancy, Accounting, Budget, Business, CT, PAYE, SA, Tax, VAT

Sunak promises tax cuts for businesses

May 25, 2022

In a speech to the Confederation of British Industry (CBI) the Chancellor has promised tax cuts for businesses in the Autumn Budget The promise, made at the CBI’s annual dinner, was made with the aim to boost investment ahead of the increase in corporation tax from...

Accountancy, Accounting, Administration, Budget, Business, Covid-19

Morrisons launches bid to save McColl’s

May 09, 2022

by Hayden Houghton

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Morrisons has launched a last minute bid to save the convenience store chain McColl’s from administration The supermarket giant announced the bid this morning after McColl’s warned that unless it secured more funding then administration was increasingly likely. In statement released on Thursday McColl’s said: ‘Whilst no...

Accountancy, Accounting, Budget, Business, Covid-19

39% rise in company insolvencies in one month

Apr 26, 2022

by Hayden Houghton

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The UK saw 2,114 company insolvencies in March 2022 which is a 39% increase from February The latest figures, released by the Insolvency Service, show a 599-increase compared to the 1,515 figure reported in February. This is 112% higher and more than double the 999 reported...

Accountancy, Accounting, Budget, Business, Business Rates, Covid-19, Salary, Tax

Chancellor defends ‘progressive’ Spring Statement

Mar 30, 2022

by Hayden Houghton

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Chancellor Rishi Sunak defended his Spring Statement yesterday calling his measures ‘progressive’ and that his income tax cut announcement was to ‘give a sense of direction’ In a Treasury Committee meeting, the Chancellor defended his Spring Statement stating that he was ‘very confident’ that his tax...

Budget, Business, Tax

£22bn needed to tackle inflation and energy

Mar 14, 2022

by Vincent Scott

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The Chancellor will need to find an extra £22bn to spend to just keep public pay above inflation and to support households with the energy crisis Research published by the Institute for Fiscal Studies (IFS) ahead of the Spring Budget due on 23 March, claims that...

Accountancy, Budget, Tax

Autumn Budget date announced

Sep 08, 2021

by Scott Davenport

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HM Treasury has announced that government spending plans will be set out at the Spending Review on 27 October 2021 alongside an Autumn Budget. The three-year review will set UK government departments’ resource and capital budgets for 2022–23 to 2024–25 and the devolved administrations’ block grants...

Budget