George Osborne presented his Budget on Wednesday 20 March 2013. In his opening statement he set the scene for some of the new measures announced, stating ‘this is a Budget for people who aspire to work hard and get on’. Towards the end of last year the Government issued the majority of the clauses, in [...]

George Osborne presented his third Budget on Wednesday 21 March 2012. The Chancellor started by reaffirming the need for stability in the UK economy and finished in Churchillian style with phrases such as: ‘No people will strive as the British will strive.’ ‘No country will adapt as the British will adapt.’ ‘This country borrowed its [...]

On the 29th November, George Osbourne provided an update on the governments future plans. A brief summary of the issues that we believe are relevant to our clients is below:   Taxes and Benefits January’s fuel duty rise of 3p has been scrapped. The August 2012 duty rise has been lowered to 3p Benefit payments [...]

The ICAEW recently launched the Business Advice Service, designed to advise new businesses over issues they may face. The service aims to help fill the ‘advice gap’ left by the government’s decision to close Business Link. It highlights the services available from ICAEW Chartered Accountants, and demonstrates their commitment to economic growth by offering one [...]

George Osborne presented his second Budget on Wednesday 23 March 2011. In his statement he said that the “Budget is about reforming the nation’s economy, so that we have enduring growth and jobs in the future”. Towards the end of last year the government issued the majority of the clauses, in draft, of Finance Bill [...]

In Association with Taxwise What powers do HM Revenue & Customs now have? As of April 2009 HMRC are able to visit business premises to inspect records covering all taxes including corporate, income, PAYE, NI, Capital Gains and VAT. They can now also issue written queries before you have even submitted your annual tax returns. [...]

George Osborne presented his first Budget on Tuesday 22 June 2010. For the first time, forecasts were published in advance of the Budget. The Office for Budget Responsibility was formed in May 2010 to make an independent assessment of the public finances and the economy in advance of each Budget and Pre-Budget Report. Within the [...]

For a report on March’s Budget Click Here

For a summary of December’s Pre-Budget Report Click Here

For information on how the Companies Act 2006 will affect your company Click Here