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News for: Accountancy

National Insurance rate cut takes effect for 29 million workers

Approximately 29 million people will benefit from paying a reduced rate of National Insurance from 6th April following announcement of the cut in the Spring Budget. The main rate of employee National Insurance has dropped to 8% for employees, down from 10% as of January 2024, and 12% this time … [Read more...]

Increase to VAT threshold takes effect

An uplifted VAT threshold of £90,000 has taken effect from 1st April 2024 that is expected to lift 28,000 small businesses out of paying VAT. The £5,000 increase in the threshold was announced in the Spring Budget and puts the UK's VAT threshold at the joint highest level of any OECD … [Read more...]

Azets expands in North West with medical accounting acquisition

Azets, the international advisory, outsourcing and compliance group, with seven regional offices across the North West of England including in Stockport, has announced the acquisition of RSM UK’s specialist medical accounting team. The transaction underlines Azets’ commitment to become the UK’s … [Read more...]

Azets advise on software company acquisition

Professional services group, Azets, has advised Warrington based software company, Isograph, on its acquisition by engineering software provider, PeakAvenue. Established in 1986, Isograph provides reliability, availability, maintainability and safety (RAMS) solutions, and is the go-to vendor for … [Read more...]

HMRC halts plans to cut back helpline services

Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted in response to public feedback to its plans, and to trials during 2023. Changes to helpline services aimed at encouraging people to go online first before contacting HMRC via phone or webchat were trialled over the last … [Read more...]

EY forecasts widening economic gap between UK regions

Big four accountancy firm, EY, has forecast a return to steady economic growth through 2024 to 2027, but expects the gap between UK regions and London and the South East to widen. In the February EY UK Regional Economic Forecast, the UK overall is expected to see annual average growth of 1.9% … [Read more...]

Azets research reveals UK gap in succession planning

New research by UK top ten accountancy and advisory firm Azets has revealed that fewer than one in ten UK businesses have succession planning fully integrated into their strategy, despite 30% of companies demonstrating a widespread recognition of its importance. The Azets Barometer January 2024 … [Read more...]

National Insurance rate cut takes effect in January payslips

January payslips have seen workers across the UK pay a reduced rate of National Insurance for the first time since the rate cut announced last year took effect. The government announced it would cut National Insurance by 2p from 12% to 10% at the 2023 Autumn Statement – for the average salaried … [Read more...]