Spring Statement 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the...
Reform of R&D tax relief In Spring 2021, the government announced a review of R&D reliefs with the objective of ensuring the UK remains a competitive location for cutting edge research and that the tax reliefs provided to businesses continue to be fit for...
Health leaders have been criticised by GP’s for pushing through contract changes without the backing from the profession. What are these changes? On 1st March, NHS England published a letter highlighting changes to the 2022/23 GP contract. There are two main...
Are there tax opportunities for UK farmers available in 2022? Annual Investment Allowance, Agricultural Property Relief, and farmers’ averaging are generous tax reliefs for UK farmers and owners of agricultural businesses. However, each has some detailed rules that...
The UAE’s Ministry of Finance (MoF) announced on 31 January 2022, the introduction of Federal Corporate Tax (CT) effective for accounting years starting on or after 1 June 2023. The UAE’s MoF stated that the reason for introducing CT was to “reaffirm the UAE’s...
A recent report has found that the number of small charities merging is on the rise. The annual Good Merger Index published by Eastside Primetimers showed that between 1 May 2020 and 30 April 2021, 77 mergers took place which involved 166 charitable organisations....
The Postponed VAT Accounting (PIVA) system for imported goods was introduced on 1 January 2021 and allows VAT registered businesses to declare and, subject to the normal rules, reclaim import VAT on the same VAT return. This avoids VAT being paid to HMRC on import and...
Introduction The CBI has recently conducted a survey of 224 UK manufacturers where 80% revealed that they are going to increase the prices of their products within the next three months. What factors are causing manufacturers to increase prices? The main factor...
Spring Statement 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the...
Reform of R&D tax relief In Spring 2021, the government announced a review of R&D reliefs with the objective of ensuring the UK remains a competitive location for cutting edge research and that the tax reliefs provided to businesses continue to be fit for...
Health leaders have been criticised by GP’s for pushing through contract changes without the backing from the profession. What are these changes? On 1st March, NHS England published a letter highlighting changes to the 2022/23 GP contract. There are two main...