As he delivered the Budget 2018, Philip Hammond joked that he had avoided giving his speech on Halloween night itself because it would have been simply too tempting for the caption writers, and had avoided Christmas because he did not want to appear in cartoons disguised as Santa Claus. Even so, he was determined to […]
So, we have now enjoyed our first autumn budget. The move to an autumn budget is a welcome one across industry as it gives businesses and individuals time to adjust and digest before changes take effect. Being cynical it also leaves plenty of time for U-turns… We say we enjoyed the autumn budget because, as […]
We can’t deny the tension that arose after the announcements made in the Spring Budget. Despite a lot of the changes being common knowledge before March even began, the final announcements weren’t well received. National insurance contributions The most notable change put forward was undoubtedly the national insurance contribution increase. And I can’t deny I […]
As the last Spring Budget to be held, the Chancellor unsurprisingly made it a short one. Unfortunately, of the little that was discussed, small businesses seem to have been affected the most – so it’s time to pay attention. National Insurance Rates Most notable was the increase in national insurance contributions by self-employed and […]
Flat Rate VAT Rates to Change The introduction of Flat Rate VAT (FRV) was meant to simplify VAT management for smaller organisations with limited purchases and a capped value of sales. The alternative method of calculating VAT allows businesses to pay a single flat percentage rate, which is lower than the prevailing rate (currently 20%), […]
The 2016 Autumn Statement In recent times client feedback has suggested that most of you feel rather inundated with information following the autumn statements and annual budget delivered by The Chancellor. With the advent of social media, and most professional organisations now issuing commentary or updates immediately following the announcements, we believe these events have […]
On 16th March Chancellor George Osborne delivered the 2016 Budget and it appears to be a welcome boost for small businesses. April 2017 will see a number of changes to policies including business rates, corporation tax and capital gains tax all of which will help small businesses. Business Rates Business rates have been reformed as […]
On 25th November, George Osborne delivered his Autumn Statement. As ever, this statement was a good mix of rhetoric, reminders of past policy changes and a hint towards April 2016. It is rare that major policy is announced in the Autumn and this was certainly the case in 2015 for interested SME spectators. Unlike […]
The Budget Summer 2015 …and breathe I think it is fair to say that modest relief is the best way of summing up the 2015 summer budget, the first wholly Conservative budget for nearly two decades. On the face of it, it wasn’t all that painful. As the BBC commented, George Osborne seems to have […]
Tax and Accounts News Round up We are delighted to provide our regular round up of tax and accounts news for you to download here: Evans Weir Tax and Accounts News Round Up Summer 2015 In this edition we look at: The Budget Forecast – Chancellor Osborne returns for his second budget of 2015 (first […]
Have we just witnessed the first of 2 or 3 budgets in 2015? With an election looming there is every chance a change in lead party or an incoming minority Government will result in at least one further budget between now and the end of the year, more if we have to run the election […]
What Can We Look Forward To in 2015? It has taken me a few weeks to sit down and pen my thoughts for the 2015 changes as like many of you have voiced in recent days, I too started the New Year with that feeling of ‘here we go again’. For those in the accountancy […]