Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.
Government abandons plan to scrap 45p top rate of income tax
The government has abandoned its plan to abolish the top rate of income tax due to the negative reaction it has received.
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Chancellor outlines growth measures at Mini Budget
Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of tax cuts for businesses and individuals.
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IMF criticises government over tax plans
The International Monetary Fund warned the UK government against 'large and untargeted fiscal packages' following the Mini Budget.
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Government caps business energy bills
Wholesale energy prices for businesses will be capped at 'less than half' of the anticipated winter levels under the government's support package.
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VAT businesses must be ready for Making Tax Digital filing by November
HMRC is reminding businesses that they will no longer be able to use their existing Value Added Tax online account to submit VAT returns from 1 November.
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SMEs facing recruitment struggles
Eight in ten small businesses are finding it difficult to recruit staff, according to a report published by the Federation of Small Businesses (FSB).
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HMRC raises late payment interest from 11 October
HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.
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Action Fraud warns scammers are exploiting cost-of-living crisis
Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams.
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