Managing inheritance tax Like many other taxes, inheritance tax (or IHT) allowances have been frozen. This sounds generous of the chancellor at a time when the government is strapped for cash. But it actually means that we are paying more. Data from HMRC has revealed that Inheritance tax collected between April 2022 and February 2023… Continue reading Weekly News – 17 April 2023
Author: Raven Accounting
Weekly News – 27 March 2023
Business News England Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Are you buying or trading Crypto? If you are thinking about buying cryptoassets (“crypto”) you need to know… Continue reading Weekly News – 27 March 2023
Weekly News – 20 March 2023
UK Budget Summary Last week, Jeremy Hunt, Chancellor of the Exchequer, revealed his first Spring Budget. There was a focus on managing inflation and government debt, encouraging those who have left their jobs to return to the workforce, and increasing business investment. Here are some of the key measures announced in the Spring Budget that… Continue reading Weekly News – 20 March 2023
2023 Budget
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages.Below we set out some of the main points. COST OF LIVING SUPPORT Energy CostsThe Energy Price Guarantee… Continue reading 2023 Budget
Weekly News – 13 March 2023
What can we expect from the Budget on Wednesday? Chancellor Jeremy Hunt has made it clear that he does not have room for big tax giveaways on March 15, as forecasts for economic growth are still weak. His focus will be to continue to clamp down on double digit inflation. An economic forecast from the… Continue reading Weekly News – 13 March 2023
Weekly News – 6 March 2023
The Windsor Framework – More than a regional agreement Last week we saw the Windsor Framework, agreed by the Prime Minister and European Commission President, replacing the old Northern Ireland Protocol, providing a new legal and UK constitutional framework. The UK government states that “It delivers free-flowing trade in goods between Great Britain and Northern… Continue reading Weekly News – 6 March 2023