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.
Fiscal Statement October 2022: At a glance
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.
Nichola's SME Tax W-update 13 October 2022
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.
Net Zero: Call for evidence
The Department for Business Energy and Industrial Strategy (BEIS) has released a consultation ‘Net Zero: Call for evidence’. This is part of an independent review of the government’s approach to delivering its net zero target.
Medium-Term Fiscal Plan set for 31 October 2022
The Chancellor, Kwasi Kwarteng, has announced that he will be holding a 'Medium-Term Fiscal Plan' immediately following the publication of the Office for Budget Responsibility's (OBR) economic and fiscal forecast on 31 October 2022. He has brought forward this date; it had been previously announced in November.
Nichola's SME Tax W-update 6 October 2022
Hello,
You will no doubt have heard about the U-turn on the mini-budget announcement to cut the 45% Income Tax band on Monday, you are less likely, however, to have heard about the decision to change the definition of a 'small' company.
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