This year, the September 2022 annual inflation rate of 10.1% is more significant and not all it seems. Find out what it means for your money and business as we dissect inflation.
The intricacies of VAT continue as marshmallows are the next to face scrutiny. Recent decisions sees VAT classification differ for different sized marshmallows creating the marshmallow VAT paradox.
The main income tax allowances and thresholds, the main national insurance thresholds plus the inheritance tax nil rate bands will stay at their current levels for an extra two years to April 2028…
On the purchase of a mixed use property, stamp duty land tax (SDLT) is paid at non-residential rates rather than residential rates. This is the case regardless of the relative size of the residential and non-residential areas of the property.
The increased stamp duty relief for first time buyers has not been reversed by the new Chancellor, but it may not survive beyond the tax year.
For owner-managed companies, bonuses, dividends and remuneration will become yet more complex in the new tax year.
