Expansion for Armstrongs

Jul 05, 2022

We have some exciting news to share! Dowsett Moore, a long-standing practice with offices in Nuneaton and Hinckley, has come together with Armstrongs. 

Dowsett…

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MTD for income tax pilot extended

Jul 05, 2022

HMRC is extending the pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) to more self-employed workers and landlords.

From July, those taking part will be able to test MTD…

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HMRC criticised over IR35 implementation

Jul 05, 2022

HMRC needs to demonstrate that off-payroll working rules, commonly known as IR35, can operate effectively and fairly in the real world, according to a report by the Public Accounts Committee (PAC).

The…

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NICs increase has immediate impact on businesses

Jul 05, 2022

Four out of five employers stated that they were immediately impacted by the increase in national insurance contributions (NICs), according to research by the British Chambers of Commerce (BCC).

The…

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Bank of England raises UK interest rates to 13-year high

Jul 05, 2022

The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.

Six out of…

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Inflation hits 40-year high

Jul 05, 2022

UK inflation rose to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to data from the Office of National Statistics (ONS).

It was a slight increase on the 9% figure…

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New homeowners warned over tax refund claims

Jul 05, 2022

New homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative Stamp Duty Land Tax (SDLT) refund claims, which could leave them with large tax bills.

The…

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Latest guidance for employers

Jul 05, 2022

HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including:

  • PAYE
  • paying Class 1A National Insurance contributions…

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Manufacturers call for support package

Jul 05, 2022

Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures.

The call comes after a Make UK survey showed growth and orders slowing significantly…

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