Autumn Statement 2023 – Growth, growth, growth…
As ever, in the last couple of weeks there has been a huge amount of speculation about what may or may not be announced at the Autumn Statement 2023 – abolition of inheritance tax; increase in the inheritance nil rate band; a stamp duty land tax holiday; a cut in the rate of income tax… […]
Autumn Statement 2023 – Two become one… a single R&D scheme for all
These days, it doesn’t feel like a proper fiscal event without an announcement around R&D relief! Much of this is predicated on the benefit that the Government believes this relief brings to the growth of the economy, while balancing the complexity of having multiple schemes in place and an undercurrent of belief that the level […]
Budget 2023 – everywhere, but not quite everything
In what was the first (and hopefully last) budget of 2023, there was a focus on growth being supported by the Chancellor’s four pillars – enterprise, employment, education and everywhere… not quite everything everywhere all at once, but there were some promises to review and reform the self-assessment for small businesses and sole traders which […]
Budget 2023 – spend and save for businesses
With the upcoming increase in the rate of corporation tax, the Chancellor was under pressure to do something to take the edge off it. An incentive to invest The main move was to incentivise business investment with the announcement of a full expensing policy for qualifying plant and machinery – this was both in an […]
Autumn Statement 2022 – no rabbits pulled out of hats but plenty of fiscal drag
After the debacle of eight weeks ago, the announcements by the Chancellor today were never going be so radical as to cause concern in the markets, but we all knew that there would be some element of revenue raising, we just didn’t know which taxes would rise and by how much. On a positive note, […]