Sep 26, 2022 | Government Announcements
The latest figures released by HMRC show tax take from April to August 2022 totalled £310.9bn, £31bn higher than in the same period in 2021. Two of the main drivers behind this increase are income tax and inheritance tax receipts. Tax receipts from income tax, capital...
Sep 23, 2022 | Government Announcements
Kwasi Kwarteng has announced the biggest bundle of tax cuts since 1972 in his first fiscal statement as Chancellor. Income tax, corporation tax and stamp duty are among taxes being cut back in a bid to promote growth. The basic rate of income tax will decrease by 1%...
Sep 21, 2022 | Government Announcements
Business Secretary Jacob Rees-Mogg has outlined the Government's plans to cut energy bills for businesses. Under the new energy bill relief scheme, wholesale prices will be cut in an effort to protect non-domestic energy customers from soaring energy costs. Wholesale...
Sep 20, 2022 | Government Announcements
Chancellor Kwasi Kwarteng is expected to announce new low-tax investment zones at the emergency budget this Friday (23 September). Up to twelve places in the UK will see planning regulations and taxes relaxed in an attempt to attract investment and revitalise local...
Sep 16, 2022 | Government Announcements
Chancellor Kwasi Kwarteng is expected to give a "fiscal statement" on Friday 23 September. The mini budget will likely deliver some of the tax cuts promised during Liz Truss's Conservative leadership campaign. The Prime Minister pledged to scrap the rise in National...
