SPRING BUDGET 2023 OVERVIEW AND KEY FACTS
On 15 March, Chancellor Jeremy Hunt delivered the Spring Budget.
NATIONAL INSURANCE
REVERSE UPDATE
This update will be coming into force from 6th November 2022.
GOVERNMENT'S GROWTH PLAN
A package of measures in September 2022 to deliver a pro-growth, simplified tax system that supports business investment across the United Kingdom.
LATEST BAILOUT - HOSPITALITY
December 2021: The government is intervening due to the spread of the Omicron variant.
VAT UPDATE FOR HOSPITALITY
The government will be extending the temporary VAT reduced flat rate of 5% until 30 September 2021.
CHANGES TO GOVERNMENT SUPPORT SCHEMES
Find out about more changes coming up over the next few weeks.
HMRC TRADER CHECKLIST
Ensure you’re familiar with the new Brexit rules that affect you and download the HMRC Trader Checklist.
SSP DUE TO COVID-19
The Government will bring forward legislation to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.
SELF-EMPLOYMENT INCOME SUPPORT SCHEME (SEISS) THIRD GRANT
Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) have been published on GOV.UK.
GOVERNMENT GRANT FOR SELF-EMPLOYED DURING COVID-19
The government and HMRC announced their support plan for self-employed taxpayers, with some restrictions.
INTRODUCTION TO GDPR
After four years of preparation and debate the General Data Protection Regulations (GDPR) was finally approved by the EU Parliament on 14 April 2016.
4MLD
Businesses that are covered by the Money Laundering Regulations have to use a risk-based approach to prevent money laundering.
IR35 UPDATES & WHAT THEY MEAN
Individuals who work through intermediaries, such as personal service companies, are no longer subject to IR35 rules if they work in the public sector.
EMPLOYEE BENEFIT CHANGES
Most employees are offered a range benefits from their employers. There is a huge variety of employee benefits, all with different tax and national insurance (NI) implications.
MAKING TAX DIGITAL
Making Tax Digital will bring an end to the burden of the annual tax return for businesses and help them stay on top of their tax affairs.
PAYROLL - ARE YOU UP TO SPEED?
The National Living Wage applies to workers in the UK that are aged 25 and over, the national minimum wage will stay the same for any worker in the UK younger than 25.
