With all of the U-turns on tax policy in the last couple of months, businesses may be confused about what changes are going ahead and which ones have been scrapped by the new chancellor.
CHANCELLOR STEPS INTO THE FISCAL STORM AND PULLS MORE PEOPLE INTO THE TOP INCOME TAX BAND
On Thursday 17 November, the Chancellor presented the government’s Autumn Statement in which he told the House of Commons his plans to tackle the cost-of-living crisis, “rebuild our economy” and significantly reduce borrowing over the coming years.
GET READY FOR NEW VAT PENALTIES FROM 1 JANUARY 2023
For VAT periods starting on or after 1 January 2023, HMRC is replacing the default surcharge with separate penalties for late returns and late payment of VAT.
TEN YEARS OF AUTOMATIC ENROLMENT ACHIEVES OVER £114BN IN PENSION SAVINGS
Automatic Enrolment has helped millions put more into their pension pots than ever before, according to new figures released to mark 10 years since the policy was introduced.