The Chancellor Jeremy Hunt has announced that the Medium term fiscal plan scheduled for 31 October 2022 has been delayed until 17 November 2022 and upgraded to a full Autumn Statement.
Children’s face masks VAT-free
Children's facemasks are zero-rated for VAT: they are 'clothing', according to HMRC's Revenue & Customs Brief 11 (2022): ‘VAT and children’s face masks’. This sets out HMRC’s revised position in relation to children’s face masks and their VAT treatment.
Nichola's SME Tax W-update 20 October 2022
Hello,
It has been another busy week in tax and politics as the new Chancellor Jeremy Hunt reversed most of his predecessor’s remaining mini-budget policies in his first Fiscal Statement on Monday.
Fiscal Statement October 2022: At a glance
On 17 October 2022 the Chancellor, Jeremy Hunt, made a fiscal statement reversing almost all tax measures announced at the Mini-budget on 23 September 2022, other than those that have already been legislated.
Nichola's SME Tax W-update 13 October 2022
Hello,
Did you notice that the topic of ‘Net Zero’ was not mentioned in either the Chancellor’s Growth Plan 2022 (published at the mini-budget/fiscal event of September) or in the Prime Minister’s conference speech? It seemed odd.
Net Zero: Call for evidence
The Department for Business Energy and Industrial Strategy (BEIS) has released a consultation ‘Net Zero: Call for evidence’. This is part of an independent review of the government’s approach to delivering its net zero target.
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