Statistics reveal a reduction in private landlords

Last Updated: 09 August 2023

HMRC has issued the official property income statistics for 2020-21 which indicate a decline in the number of private landlords and highlight the high costs of financing buy to let properties.

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Autumn Statement scheduled for 17 November 2022

Last Updated: 09 August 2023

The Chancellor Jeremy Hunt has announced that the Medium term fiscal plan scheduled for 31 October 2022 has been delayed until 17 November 2022 and upgraded to a full Autumn Statement.

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Children’s face masks VAT-free

Last Updated: 25 October 2022

Children's facemasks are zero-rated for VAT: they are 'clothing', according to HMRC's Revenue & Customs Brief 11 (2022): ‘VAT and children’s face masks’. This sets out HMRC’s revised position in relation to children’s face masks and their VAT treatment.

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Nichola's SME Tax W-update 20 October 2022

Last Updated: 09 August 2023

Hello, 

It has been another busy week in tax and politics as the new Chancellor Jeremy Hunt reversed most of his predecessor’s remaining mini-budget policies in his first Fiscal Statement on Monday.

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Fiscal Statement October 2022: At a glance

Last Updated: 09 August 2023

On 17 October 2022 the Chancellor, Jeremy Hunt, made a fiscal statement reversing almost all tax measures announced at the Mini-budget on 23 September 2022, other than those that have already been legislated.

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Nichola's SME Tax W-update 13 October 2022

Last Updated: 11 October 2024

Hello, 

Did you notice that the topic of ‘Net Zero’ was not mentioned in either the Chancellor’s Growth Plan 2022 (published at the mini-budget/fiscal event of September) or in the Prime Minister’s conference speech? It seemed odd.

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  1. Net Zero: Call for evidence
  2. Medium-Term Fiscal Plan set for 31 October 2022
  3. Nichola's SME Tax W-update 6 October 2022
  4. 'Small' company definition extended to 40,000 more businesses
  5. Chancellor reverses cut to 45% tax rate

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