Latest News for Business Reading : WoodWhite Accountants Ltd

18 May 2022

What You Need To Know About Property Tax

Whether you’re looking to buy your first home, have multiple properties that you rent out or are preparing to sell a house, if you’re buying any kind of property you’ll be required to pay a form of tax in the UK.

18 May 2022

Understanding Your Payslip - What Paye Tax Code Should I Be?

Between national insurance deductions, pension contributions and your tax code, reading your monthly payslip can feel like a minefield! But if something wasn’t quite right or you were over-paying your tax, how would you know? Being able to read your payslip may seem like a trivial skill but many of us aren’t confident in what is printed each month.

09 May 2022

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

09 May 2022

UK government unveils energy strategy

Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy.

09 May 2022

Treasury announces it will regulate some forms of cryptocurrency

The Treasury has announced that it plans to recognise stablecoins as a valid form of payment as part of a wider government initiative to 'make Britain a global hub for cryptoasset technology and investment'.

09 May 2022

HMRC names avoidance scheme promoters for first time

HMRC has named two tax avoidance schemes and their promoters for the first time, advising anyone involved to withdraw from them as soon as possible to prevent the build up of large tax bills.

09 May 2022

New HMRC one-stop online shop provides taxpayers with tax relief information

HMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial help available from HMRC.

09 May 2022

Export growth is 'stagnant', BCC finds

Data published by the British Chambers of Commerce (BCC) shows that UK export growth has been effectively stagnant for the past year.

09 May 2022

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

09 May 2022

Government inaction on long COVID could cost billions

There are now more than a million workers missing from the workforce compared to pre-pandemic figures, according to a report published by the IPPR think tank.

09 May 2022

Statutory Paternity Pay- What Is It And How Much Are You Entitled To?

Balancing finances and planning a family can feel like a military operation, particularly if you’re self-employed or run a business and want to understand what kind of financial support you’re entitled to.

09 May 2022

Micro Companies 101; What Are They And Do They Need Support?

Launching a new business is an exciting time but comes with a lot of extra pressures, not least more financial admin than simply being an employee or working individually.

28 Apr 2022

All You Need To Know About National Insurance And The Increase For 2022

As part of Chancellor Rishi Sunak’s Spring statement, the national insurance tax is set to increase in 2022 for employees and employers working in the UK.

28 Apr 2022

UK Minimum Wage- All You Need To Know

If you work in the UK, there is a national minimum wage that employers are legally obliged to pay their employees under 23 years old, no matter where they live.

05 Apr 2022

Chancellor cuts fuel duty in Spring Statement

Chancellor Rishi Sunak announced a 5p per litre cut in fuel duty for petrol and diesel in the 2022 Spring Statement.

05 Apr 2022

Business groups give mixed response to Spring Statement

The UK's business groups gave a mixed response to Chancellor Rishi Sunak's Spring Statement speech.

05 Apr 2022

OBR updates economic picture

In his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR).

05 Apr 2022

MTD for VAT brings in up to an extra £195 million in tax

Estimates show that up to £195 million in extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC.

05 Apr 2022

Bank of England raises interest rates for third time in a row

The Bank of England has raised interest rates for the third consecutive time.

05 Apr 2022

UK economic growth to halve this year, warns BCC

UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks including Russia's invasion of Ukraine, warns the British Chambers of Commerce (BCC).

05 Apr 2022

Student loan repayments for new borrowers to start at £25,000

The level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers.

05 Apr 2022

CMA frees leaseholders from rising ground rents

Intervention by the Competition and Markets Authority (CMA) has freed more leaseholders from increasing ground rent terms that saw them trapped in homes they struggled to sell or mortgage.