Read on for the latest accounting, tax & business news from TidyCloud
Small businesses at risk as energy costs rise
The end of the Energy Bill Relief Scheme (EBRS) on 1 April could threaten the future of hundreds of thousands of small firms, according to research by the Federation of Small Businesses (FSB).
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Bank of England raises UK interest rates to 4.25%
Interest rates have been increased to 4.25% from 4% by the Bank of England (BoE) as it tries to slow rising prices.
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Business groups welcome Spring Budget
The UK’s business groups largely welcomed the measures taken in the Chancellor’s Spring Budget announced last month.
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Pension Changes – Spring Budget 2023
Here’s some of the key changes to pensions as a result of the Spring 2023 Budget revealed by Chancellor Jeremy Hunt.
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Corporate Capital Allowances – Full Expensing
From 1 April 2023 until 31 March 2026, companies liable for corporation tax will be able to benefit from “Full Expensing”.
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Last chance for 2022/23 pension contributions
Now is the time for higher earning sole traders, partners and individuals to review your pension contributions for 2022/23 to maximise relief
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Minimum wage increase 2023/24
The minimum wage is set to increase from 1st April 2023 with the hourly National Living Wage increasing to £10.42 per hour.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2023.
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HMRC urges eligible couples to claim Marriage Allowance
HMRC has reminded married couples eligible for the Marriage Allowance to make use of the tax relief.
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