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A round up of topical news articles.
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06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.
As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return for the 2022/23 tax year to avoid potential penalties.
The government should raise the turnover threshold for VAT from £85,000 to £100,000, according to the Federation of Small Businesses (FSB).
The government must clarify plans around new customs processes as firms remain in the dark about crucial aspects of their operation, says the British Chambers of Commerce (BCC).
Artificial intelligence (AI) will affect almost 40% of all jobs around the world and deepen inequality, the International Monetary Fund (IMF) has warned.
Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, according to the Association of Independent Professionals and the Self-Employed (IPSE).
Just 35% of UK adults are confident they could complete the self assessment tax return form correctly, according to research by Standard Life.
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In common with many businesses, and based on government recommendations, we have now taken the decision to work from home and our office will be closed for the foreseeable future. We will, however, do our utmost to maintain business as usual.
During this difficult period please contact us via our usual email addresses or, if your enquiry is urgent, please call Alan Carter on 07868 037611 (mobile) or David Lyons on 07711 037564 (mobile). The main office telephone and answer-machine will not be answered at this time.
Thank you in anticipation of your co-operation and understanding as we all try to chart the stormy waters ahead.
Please take care and stay safe.Leonard Jones & Co