by murtaza@recruitico.com | Apr 21, 2023 | news
The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor This will raise £18bn for the Exchequer and will see corporation tax for larger businesses increasing from 19% to...
by murtaza@recruitico.com | Apr 21, 2023 | news
Making Tax Digital for Income Tax will raise costs for business and will not reduce the time spent completing tax returns An overwhelming majority (79%) of SMEs and tax agents believe that the move to Making Tax Digital (MTD) for Income Tax will increase the time...
by murtaza@recruitico.com | Apr 21, 2023 | news
The Bank of England has increased the base interest rate by 0.75% to 3%, the largest hike in over 30 years In a bid to curb inflation, this was the highest rate increase since 1989. The Monetary Policy Committee’s (MPC) latest projections described ‘a very challenging...
by murtaza@recruitico.com | Apr 20, 2023 | news
Using salary sacrifice schemes can benefit staff and reduce tax liability on company cars, explains James Fields-Davis, head of fleet development at Volkswagen Financial Services Fleet (VWFS Fleet) As it is for many businesses, finding and keeping talent is proving a...
by murtaza@recruitico.com | Apr 20, 2023 | news
The government’s deep freeze on income tax thresholds will see some workers’ tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax Someone on a salary of £50,000 will pay just under £59,000 in income tax over the six years of the threshold...
