UHY Ross Brooke Chartered Accountants

Tag: mini budget

tax u-turn

A fiscal U-turn without precedent!

Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership campaign on. On Friday 14th October, Ms Truss announced a change of Chancellor, from Kwasi Kwarteng to Jeremy

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tax u-turn

U-turn on the top rate of income tax

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 a year. The proposal to scrap the rate had been criticised as

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business things to do now

Update your payroll software for 6 November NIC changes

The 23 September mini budget announced the scrapping the Health and Social Care Levy and important changes to employee and employer National Insurance Contributions (NICs) that take effect in just six weeks’ time. Software developers are frantically working to make sure that payroll software is ready for the 6 November

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tax accountant

Kwasi’s mini-budget for business

by Phil Kinzett-Evans The Government’s mini-Budget has come under a great deal of criticism, but there were things that businesses can utilise to strengthen their growth position and invest in their human capital: Existing businesses The well noted removal of the increase to Corporation Tax means that companies who budgeted

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IR35

The Death of IR35 and Off-Payroll Engagements?

The announcement in the mini budget that the 2017 and 2021 amendments to the taxation of Off-payroll arrangements were to be withdrawn in April 2023 came as a total shock many. By Chris Davies So, is IR35 dead and what does it mean to existing and potential contractors? No IR35

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