The UK's Chancellor Rishi Sunak presented his Autumn Budget and Annual Spending Review on 27 October 2021. This is our summary of the key tax announcements that may affect owner-managed businesses and their proprietors.
Lobbyists shout louder in budget run-up
Alongside the various representations from the professional bodies, Chancellor Rishi Sunak has also received suggestions from UK taxpayers and businesses in the run-up to the Autumn 2021 budget, including higher taxes for millionaires and retaining reduced VAT rates for the hospitality industry.
Nichola's SME Tax W-update 21 October 2021
Hello,
The Chancellor is holding his 2021 Autumn Budget on 27 October 2021. There has been much speculation in the media about what it might contain, but rather than join in we have reviewed various representations sent to HM Treasury by the professional bodies instead. What do they suggest for the budget?
Nichola's SME Tax W-update 14 October 2021
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We have a varied and interesting selection of news and cases for you this week, plus we feature Question & Answers from our recent tax conference hot topics, and summaries of the best bits of the latest Employer and Agent Bulletins from HMRC.
Nichola's SME Tax W-update 7 October 2021
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If you were starting out again in practice, how would you plan your business? If you're in the process of selling up, with the benefit of hindsight is there any advance planning you would have done differently? And, what, if anything, are you doing about Inheritance Tax (IHT) planning?
Nichola's SME Tax W-update 30 September 2021
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Research prepared for HMRC on the 'Impact of Making Tax Digital for VAT' seems to have been buried on HMRC’s website. Published in July 2021, it reveals something of a mixed picture regarding benefits that Making Tax Digital (MTD) for VAT can offer businesses.
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