Government Policy

Key takeaways Customers are spending less Businesses need to target their marketing Diversify your offering Make changes now to save in the long-term Re-assess business costs and consolidate Consumers are tightening their wallets, and the cost of doing business is rising but what effect will this have on your business? As the average household’s disposable […]

HMRC has reminded businesses of the upcoming VAT portal closure at the end of October. Key takeaways: The existing HMRC VAT portal will no longer be available from Tuesday 1st November 2022. If a business doesn’t use Making Tax Digital (MTD) compatible software when submitting its VAT returns, the business will be subject to a […]

The chancellor of the exchequer, Kwasi Kwarteng, today announced their new not-so-mini “Mini-Budget”. What did the mini-budget announce and what does it mean? The government intends to reach an average of 2.5% rate of growth for the UK Economy  Income Tax The basic rate of income tax is to be cut to 19p from 20p […]

The government has announced a support package for businesses throughout winter. What support will businesses receive? After the government announced aid for household energy bills, many businesses were left with the same question – does the energy price cap apply to businesses? In short, no, but tailored support has since been announced for businesses. The […]

With a recession likely to be announced in the next couple of months, you may be concerned as to what impact this will have on your business. A recession is a period of negative economic growth that lasts for two or more consecutive quarters. The likely cause of an upcoming recession is a result of […]

Yesterday, UK Chancellor Rishi Sunak announced the much anticipated 2022 spring budget. The previous two spring budgets were largely focussed on how the UK can recover from the impact of the covid-19 pandemic. However, this year’s budget has been largely dominated by the cost of living crisis and rising inflation. In this blog, we have […]

Yesterday afternoon, Chancellor Rishi Sunak delivered the 2021 Autumn Budget and Spending Review, outlining the government’s spending plans for the next three financial years. We understand you may wonder how the changes announced in the budget will affect your business, so we’ve outlined three key factors that could make an impact. Taxation National Insurance As […]

In a bid to help fund health and social care costs, National Insurance contributions (NICs) and dividend tax rates will rise from April 2022 National Insurance Contribution changes from April 2022 Employees will pay 1.25% more on National Insurance (NI) from April 2022. A recap on who pays NI: All employees on their salaries (those […]