Self Assessment customers are using the self-serve Time to Pay facility to spread the cost of their tax bill into manageable monthly payments. Since 6 April 2022, almost 21,600 Self Assessment customers who were unable to pay their tax bill in full have set up a payment plan to spread the cost … [Read more...]
News for: Finance
Barclays customers to receive up to £1m for PPI breaches
More than 1,000 customers will receive payments after the CMA found PPI Breaches after Barclays failed to send PPI information The CMA has written publicly to Barclays after the bank failed to send a reminder to customers of payment protection insurance (PPI) policies. Under the … [Read more...]
New study reveals Stockport ‘banker-friendly’ & Manchester top opportunities for a Finance career
A new study* has found that Edinburgh, Birmingham and Manchester offer the next best opportunities for a career in finance after London while Stockport also offers excellent prospects in the financial sector, beating bigger districts like Cornwall, Bradford and Wiltshire who were found to be … [Read more...]
Reversal of National Insurance Increase takes effect
The 1.25% point cut to National Insurance rates for employees and employers is now effective across the UK. The tax cut was announced by the government on 22 September, as part of the reversal of the Health and Social Care Levy. Working people across the UK will begin receiving the tax cut … [Read more...]
HMRC late payment interest rates to be revised after Bank of England increases base rate
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 3%. These changes will come into effect on 14 November 2022 for quarterly instalment payments and 22 November 2022 for non-quarterly instalments payments HMRC interest rates are set … [Read more...]
Bank of England raises interest rates to 3%
The Bank of England Monetary Policy Committee (MPC) has agreed a 0.75 point rise in interest rates, with the base rate now reaching 3%. The uplift is the eighth consecutive interest rate rise and is the single biggest increase in the Bank of England base rate since 1989. The Bank's economists … [Read more...]
Self assessment taxpayers reminded to declare any Covid-19 payments on returns
HMRC is reminding self-assessment taxpayers that they must declare any Covid-19 payments on their 2021-22 tax returns. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be declared on tax … [Read more...]
North-west profit warnings doubled year-on-year in third quarter of 2022
UK-listed companies in the North-west of England issued twice as many profit warnings in the third quarter of 2022 compared to the same period the previous year, according to analysis by Big Four accountancy firm, EY. The EY-Parthenon Profit Warnings report found eight warnings were issued in the … [Read more...]
Food price rises drive inflation back up to 10.1%
The Office of National Statistics' (ONS) Consumer Price Index (CPI) measure of inflation rose to 10.1% in September, returning to its July high with continued steep rises in food and drink prices. The 0.2 percentage point increase from August's inflation figure was significantly driven by rising … [Read more...]
Business community reacts to Chancellor’s statement
Business leaders from across the North-west and the rest of the UK have shared their reactions to the newly-appointed Chancellor's statement yesterday, which saw Jeremy Hunt roll back on many of the tax cuts and spending promises announced last month by his predecessor. The emergency statement … [Read more...]
New Chancellor makes statement on medium-term fiscal plan
Following his appointment on Friday 14th October, new Chancellor of the Exchequer Jeremy Hunt has made an emergency statement on the medium-term fiscal plan. Kwasi Kwarteng was sacked as Chancellor after just 38 days in the job after markets and Conservative backbenchers reacted poorly his … [Read more...]
NatWest PMI survey records drop in North-west business activity for the first time since January 2021
High-street bank, NatWest, has found business activity in the North-west fell for the first time since January 2021 according to its September Purchasing Manager's Index (PMI) survey. The national survey found business activity fell in all UK regions barring London and the Yorkshire & Humber … [Read more...]
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