The government has announced a new competition to bid for £12.09 million of funding via a new Digital Growth Grant to provide support for small tech firms and digital start-ups. The scheme focuses on opening up access to skills training and support services to the digital and tech sector over two … [Read more...]
News for: Finance
Expert Opinion: What is the Plastic Packaging Tax?
Stockport-based accountancy firm, Hallidays, part of the Xeinadin Group, explains the new Plastic Packaging Tax which came into effect from the beginning of April 2022. April saw the introduction of Plastic Packaging Tax (PPT) in the UK and with it, the obligation for manufacturers and importers … [Read more...]
Increased Employment Allowance comes into effect
A £1,000 increase in the Employment Allowance, the amount smaller firms can claim to reduce National Insurance Contributions (NICs), has come into effect from today (6th April). The Employment Allowance has risen from £4,000 to £5,000, as announced in the Chancellor's Spring Statement. The … [Read more...]
Handelsbanken research finds charities missing out on tax relief worth £940 million
UK charities could be missing out on more than £940 million a year, as generous donors fail to claim tax relief on the money they give, reveals new research from Handelsbanken Wealth Management & Asset Management. The research finds that 60% of charity supporters are not claiming tax relief … [Read more...]
Hallidays share April financial news including latest economic forecasts
Stockport accountancy firm Hallidays share their round-up of the financial stories this April, including the latest economic forecasts in the wake of interest rate rises and Rishi Sunak's Spring Statement. Chancellor cuts fuel duty in Spring StatementChancellor Rishi Sunak announced a 5p per … [Read more...]
UK looks to recognise cryptocurrencies for payments
The UK government has announced it plans to introduce regulation that will recognise the use of certain cryptocurrencies for payment. The government is planning to bring 'stablecoins', cryptocurrencies tied to real-world assets such as the value of the US dollar, within legislation for payments … [Read more...]
Covid-19 insolvency measures lifted as final pandemic support ends
Temporary insolvency measures put in place during the Covid-19 pandemic will be lifted from 31st March 2022 as the remaining pandemic support schemes end. Temporary measures were introduced as part of the Corporate Insolvency and Governance Act 2020 to limit the impact of Covid-19 related trading … [Read more...]
NatWest Group no longer in majority public ownership after £1.2 billion share sale
The government has sold £1.2 billion of its shares in the NatWest Group (including the NatWest and RBS brands), meaning the bank is no longer majority owned by the taxpayer for the first time in over a decade. The banking group was part-nationalised in 2008 as the government sought to stabilise … [Read more...]
Less than one week to go before Making Tax Digital for VAT becomes mandatory
Businesses have less than one week remaining before Making Tax Digital becomes mandatory for VAT-registered businesses from 1st April 2022. Making Tax Digital is part of the HMRC's ambitions to digitalise the tax regime, saving businesses time in processing returns and also reducing errors. … [Read more...]
Chancellor announces cuts to fuel duty and changes to NI threshold in Spring Statement
Chancellor Rishi Sunak has announced a number of measures that seek to ease the impact of the rising cost of living in his Spring Statement, delivered to Parliament on Wednesday 23rd March. Addressing colleagues in the House of Commons, Mr Sunak said his Spring Statement 'builds a stronger, more … [Read more...]
New tool launched to help Stockport businesses find the right support and funding
The GC Business Hub has launched a new Business Support and Funding Finder tool to help businesses in Stockport and throughout Greater Manchester navigate the complex funding landscape. The new online resource has been commissioned by the Greater Manchester Combined Authority (GMCA) to help … [Read more...]
One week remains to pay Self Assessment tax bill
Self Assessment taxpayers have one week left to pay their tax bill or set up a payment plan, HMRC has urged. Self-employed people and other taxpayers who use HMRC's self-assessment have until 1st April to pay all tax due from their 2020-21 tax return so as to avoid a late payment … [Read more...]
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