News


inflation
December 6, 2022

Dissecting inflation: what a difference a year makes


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Annual CPI inflation hit 10.1% in September, but that does not mean every price is showing a double-digit increase. Source: ONS The September Consumer Prices Index (CPI) inflation reading is

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Employee Retention
December 2, 2022

Employee retention strategies to retain top talent


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With today’s highly competitive recruitment market, creating a comprehensive employee retention strategy is becoming more important to companies in all sectors. An employee retention strategy will help your company to

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the marshmallow paradox
November 30, 2022

The marshmallow paradox – VAT or no VAT?


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The biggest marshmallows are in fact VAT free. The intricacies of VAT continue to delight or inflame, with marshmallows the latest food product to come under the spotlight. The outcome

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mixed use properties
November 24, 2022

Finding the right mix in mixed use properties


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A recent tribunal found in HMRC’s favour when a residential property was questionably deemed mixed use. On the purchase of mixed use properties, stamp duty land tax (SDLT) is paid

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Image
November 18, 2022

Autumn Statement 2022


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The Chancellor, Jeremy Hunt, was faced with a challenging economic backdrop to his first major set piece, grappling with a combination of over 11% inflation, an official recession and the

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Autumn budget statement 2022
November 17, 2022

Autumn Budget Statement 2022


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As we all know, the Chancellor, Jeremy Hunt, was faced with a challenging economic backdrop to his first major set piece, grappling with a combination of over 11% inflation, an

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currency risk
November 16, 2022

Why manage currency risk in 2023?


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In this year alone, the UK has seen the pound devalued by over 25% against the US dollar, forcing businesses exposed to overseas supply chains to re-budget and reforecast, often

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first time buyers
November 16, 2022

First time buyers: time to act?


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The increased stamp duty relief for first time buyers has not been reversed by the new Chancellor, but it may not survive beyond the tax year. One of the few

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corporation tax
November 9, 2022

Dividends vs remuneration: the corporation tax quandary


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For owner-managed companies, bonuses, dividends and remuneration will become yet more complex in the new tax year. With the corporation tax increase and dividend rates now confirmed by the Government,

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new employment record
November 2, 2022

Over-65s set new employment record


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Over-65s set new employment record The latest data from the Office for National Statistics (ONS) reveals that more people than ever are working beyond age 65. Source: ONS 9/2022. One

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October 26, 2022

Six-fold increase on late payment interest rates


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HMRC late payment interest rates have now been raised six times during 2022 – from 2.6% at the start of the year to a current rate of 4.25%. However, at

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avoiding VAT penalties
October 26, 2022

Making Tax Digital: avoiding VAT penalties


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From 1 November 2022, VAT-registered businesses that do not yet comply with the Making Tax Digital (MTD) requirements will face penalties. Businesses should also be aware of the new VAT

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