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...
It’s no secret that many sectors are facing severe wage inflation with many locked in ongoing battles to retain their best staff. Indeed, as the economy begins to open up as Omicron-related restrictions are eased, many legal firms in particular are facing a backlog of...
On 10th September the government announced plans of how they will create an additional 50,000 lorry tests to tackle the current HGV driver shortage. The government plan to make changes to tests that will come into force as soon as possible. Industry leaders supported...
The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices. The boost to the apprenticeship incentive scheme was confirmed by Chancellor Rishi Sunak in the Budget in March. The...
What changes have been made? With effect from 1st July the Stamp Duty Land Tax (SDLT) for residential property changed to the following rates: £0 - £250,000 = 0% £250,001 - £925,000 = 5% £925,001 - £1,500,000 = 10% £1,500,000 + = 12% Please note that in addition to...
During the course of the Covid-19 pandemic law firms have borrowed nearly £700m via the government's various Covid-19 support schemes. Research conducted by Hazlewoods, a firm of chartered accountants within our HLB International group showed that UK law firms...
The Financial Reporting Council (FRC) has issued amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021 To help them through the pandemic, many businesses that lease property have been supported by their landlords and have...
Recent research conducted by Lumina Intelligence has found that the UK eating out market was expected to make a full recovery by the end of 2022. By the end of 2021 the UK eating out market was expected to grow by 33.4% to £63.6bn and expected to continue growing by...
The Chancellor has announced further support for the Self-Employed, by making a fourth and fifth grant available under the Self-Employment Income Support Scheme (SEISS). The fourth grant, covering the period February to April 2021 will be worth 80% of average profits...
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...
It’s no secret that many sectors are facing severe wage inflation with many locked in ongoing battles to retain their best staff. Indeed, as the economy begins to open up as Omicron-related restrictions are eased, many legal firms in particular are facing a backlog of...
On 10th September the government announced plans of how they will create an additional 50,000 lorry tests to tackle the current HGV driver shortage. The government plan to make changes to tests that will come into force as soon as possible. Industry leaders supported...