Ahead of the 2023 Spring Budget, Logistics UK has submitted its industry recommendations and concerns to the government. In this document, the main concern was the reported disproportionate rise in fuel duty compared to inflation. Logistics UK has proposed retaining...
GPs and practices are likely to face higher tax bills in 2023/24 In the 2023/24 tax year, HMRC is reforming how they calculate taxes from profits that will affect businesses and self-employed individuals from April 2024. This reform will change the time period of when...
Creative businesses across the East Midlands are able to apply for free funding to help them accelerate business growth, create jobs and prepare for investment. The East Midlands Creative Consortium (EMC2) has begun accepting applications from high-potential creative...
In 2023, there will be many challenges that manufacturers will need to overcome. Energy prices and inflation will be among the biggest challenges. Other challenges include: Supply chain challenges Increased transport costs Less foreign investment Energy prices...
Introduction Figures published by Zoopla have found that demand for rental homes is at its highest level in over a decade. This increase in demand is compounded by the lack of supply which is driving up prices for those who rent. To demonstrate this, the number of...
Introduction Going into 2023, the outlook is much less optimistic for farmers. However, the annual Sentiment Survey, conducted in October/November demonstrated that most farmers were in reasonable financial shape. Arable farmers Arable farmers were in...
The department for Environment Food & Rural Affairs (Defra) has recently announced £12.5 million in grant funding to businesses in the agriculture and horticulture sectors to help improve automation and robotics to boost productivity. Defra, in partnership with UK...
What is being delayed? HMRC has announced that plans to implement digital tax reporting for unincorporated businesses and self-employed individuals and landlords in April 2024 will be delayed until April 2026. Why has MTD been delayed? HMRC have said that businesses...
A recent survey from Glenigan of more than 100 members of the National Federation of Roofing Contractors (NFRC) has found that roofing and cladding contractors are still struggling with recruitment issues in the third quarter of 2022. But, this survey does confirm...
The Government in the mini-Budget announced Stamp Duty Land Tax (“SDLT”) cuts to help first-time buyers and next-move homeowners purchase properties more affordably. These changes were effective from 23 September 2022. Unlike many of the other proposed tax changes,...
Government announces £100m funding to improve truck stop facilities On 24th November the UK government announced a £100m package to improve HGV/truck facilities. Service station grant scheme Part of this funding will be used to open a grant scheme worth £32.5m to...
Introduction The sharp increase in inflation is causing most businesses to review their current costs and look at ways they can save time and money. Costs for energy and fuel have risen significantly in recent times which is increasing the running costs of businesses...