Chancellor to deliver Autumn 2021 Budget on 27 October

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

On 7 September the Chancellor launched Spending Review 2021, which will conclude…

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HMRC's tax take falls by billions due to pandemic

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts.

In its 2020/21 annual report, HMRC reported that…

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Over 440,000 small firms at risk due to late payment crisis

More than 440,000 small firms could be forced out of business by the late payment crisis, according to the Federation of Small Businesses (FSB).

An FSB study of more than 1,200 business owners…

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 March 2022.

The guidance states: 'you can use the previous rates for up to one month from the date the new…

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Student loan repayments for new borrowers to start at £25,000

The level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers.

From September 2023, the interest rate on student loans will also be set…

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Latest guidance for employers

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

  • Forthcoming deadlines
  • Claiming employment…

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Manufacturers call for support package

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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IMF warns UK is set for slowest rate of growth of G7 countries

The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year.

The IMF predicts that UK economic growth will fall to 0.5% in 2023, which…

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Treasury Committee warns government against 'flying blind' with Emergency Budget

The Treasury Committee has urged the government to provide assurance that it is not 'flying blind' into a potential Emergency Budget this September.

In a letter sent to Chancellor Nadhim Zahawi,…

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