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Ways to pay your VAT bill

Make sure your payment will reach HMRC’s bank account by the payment deadline. You may have to pay a surcharge if you do not pay on time. If you are not sure of the actual payment deadline you can use the VAT payment deadline calculator to work out how much

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Tax Diary October/November 2022

1 October 2022 – Due date for Corporation Tax due for the year ended 31 December 2021. 19 October 2022 – PAYE and NIC deductions due for month ended 5 October 2022. (If you pay your tax electronically the due date is 22 October 2022.) 19 October 2022 – Filing

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Mini-Budget delivers some big changes

New Chancellor Kwasi Kwarteng found himself firmly in the spotlight as he delivered a mini-Budget that saw the pound crashing to a new 37-year low. The winners and losers were left to reflect on the announcements as the Chancellor delivered a package of tax cuts worth £45 billion in an

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Relief scheme takes the heat off energy bills

Businesses have been given a helping hand by the Government to cope with the dramatic rise in energy prices as a new winter of discontent looms. Through a new Energy Bill Relief Scheme, the Government will provide a discount on wholesale gas and electricity prices for all non-domestic customers (including

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Mini-Budget 23 September 2022

A summary of the main tax changes that will impact the liability of individuals and business owners from April 2023 are: • A reduction in the Income Tax basic rate from 20% to 19%. • The abolition of the 45% additional Income Tax rate. • The cancellation of the proposed

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Businesses face rebranding following Queens death

Heinz. Cadbury. Coca-Cola. Being household names isn’t the only thing they have in common. All three were awarded the Royal Warrant, and were able to display the Royal Arms on their products. Following the death of Her Majesty Queen Elizabeth II, these companies – and around 600 more – will

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Prepare your business for the next big challenge

Business owners could be facing a difficult few months as the cost-of-living crisis continues to bite alongside the predicted winter recession. After overcoming the difficulties associated with COVID-19, it seems there hasn’t been much opportunity to steady the ship before the next tidal wave of challenges washes over us. The

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We need to do things differently says Chancellor

In a busy week for Prime Minister Liz Truss and her newly formed cabinet, her Chancellor has had a meeting with market leaders to set out the Government’s new, pro-growth economic approach. Kwasi Kwarteng began by acknowledging the extraordinary challenges that families and businesses across the UK are facing this

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Tough new rules to protect against cyber attacks

Broadband and mobile companies will be forced to adhere to tough new rules to help protect the UK from cyber attacks. The new Government regulations will come into force in October and will be among the strongest in the world. They will provide much tougher protections from cyber threats that

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Energy bill support for families and businesses

New Prime Minister Liz Truss made the ongoing energy crisis her priority after taking the keys to No 10. She has revealed her plan to support people and businesses with their energy bills with a new Energy Price Guarantee alongside the lifting of a ban on the controversial practice of

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