Autumn Statement 2023 – Key Points

The Autumn Statement 2023 - Key Points

The Chancellor Jeremy Hunt delivered the Autumn Statement 2023 at 12.30pm today.  In his statement, the Chancellor stated that following a global crisis he has made difficult decisions to get the UK economy back on track.  He advised that this was an Autumn Statement for growth and to reward hard work.  A total of 110 …

Keep Reading

Making Tax Digital Income Tax Self Assessment (MTD ITSA)

The Government announced on Monday 19 December 2022, that MTD ITSA would be delayed until April 2026. The Government has realised that the transition to MTD ITSA would be contributing additional pressures to self employed individuals and landlords, during an already uncertain financial future. What is MTD ITSA If you haven’t already heard about MTD …

Keep Reading

Autumn Statement Summary

Today, Thursday 17 November 2022, Chancellor Jeremy Hunt delivered his Autumn Statement.  Many were hoping his announcements would help individuals and businesses in the face of increasing costs, with inflation at a 40 year high coming in at 11.1%. Instead Hunt delivered a bleak outlook for the next few years blamed on the fallout from Global factors, …

Keep Reading

Bank of England Increase Interest Rates by 0.75%

Today, Thursday 3 November 2022, The Bank of England increased interest rates by 0.75% to 3% – The highest interest rates have been since the financial crisis in 2008. The UK is already experiencing early signs of recession, which is expected to continue throughout 2023 before beginning to ease in early 2024. Chancellor Jeremy Hunt …

Keep Reading

Reversals to the Mini Budget

Newly appointed Chancellor, Jeremy Hunt has today announced (Monday 17 October 2022), in what is being hailed as the biggest U-turn in British economic history, almost all measures set out by ex Chancellor Kwasi Kwarteng in his Mini Budget late-September, have been reversed. Hunt vowed, “there will be more difficult decisions” on tax and spending …

Keep Reading

The Chartered Institute of Taxation

The Association of Taxation Technicians

Xero Gold Partner