CGT ANNUAL EXEMPTION CUT Many people had predicted an increase in the rate of Capital Gains Tax (CGT) paid by individuals, citing a possible alignment with income tax rates as the main reason for the prediction. Surprisingly however, Chancellor Dominic Raab announced...
It’s all change at number 10, again The Fiscal Statement delivered by former Chancellor, Kwasi Kwarteng on 23 September, introduced a Growth Plan including tax cuts as promised by former Prime Minister, Liz Truss during her Conservative Party Leadership campaign. The...
U-turn for top taxpayers Facing huge criticism and market turbulence following his announcement of a series of “growth” measures, Chancellor Kwasi Kwarteng has backtracked on his decision to abolish the 45p rate of income tax paid by people earning more than £150,000...
Managing your cash in tough times With ever-increasing supplier prices, a rise in interest rates and a looming recession, managing your cash flow is vital. Business owners can look at the direction of their cash flow as an insight into the health of specific products...
Prime Minister candidates and possible tax cuts With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have been whittled down to the last two, Rishi Sunak and Liz Truss. Whoever wins will need to appoint a new...
Four-day working week? In June of this year, 70 UK companies and over 3,000 workers began working a four-day week, with no reduction in pay. This is the biggest four-day working week pilot ever undertaken. The participating firms are trialling a four-day working week...