Read on for the latest accounting, tax & business news from TidyCloud
Energy bill support for firms to be reduced from April
The Treasury has confirmed that businesses will receive reduced support for their energy bills from April 2023.
Times almost up for the Super Deduction Tax Allowance
Time is running out for Limited Companies to take advantage of the government’s “Super Deduction” tax incentive.
Bank of England raises base rate to 3.5%
The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%.
Tax non-compliance during pandemic cost UK £9 billion
Tax non-compliance during the pandemic cost the UK government £9 billion, according to a report from the National Audit Office (NAO).
MTD for ITSA delayed for two years
The Treasury has announced that Making Tax Digital for ITSA will be delayed for two years until April 2026.
Will MTD for ITSA be delayed?
Rumours are circling that HMRC may delay the introduction of the Making Tax Digital for income tax (MTD for ITSA) system by up to two years.
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2022 for journeys from 1 December 2022 onward.
Auto-enrolment has helped workers save £114 billion into pensions
Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago
IFS warns of fall in household incomes
The IFS has warned that household incomes will see their biggest drop in generations following the Autumn Statement.