One of the main money earners for the Exchequer which was announced in the Spring Budget was the increase in the rate of corporation tax for companies for periods after 1 April 2023.
Peter summarises the main announcements from Sunak’s Summer Statement including the Job Retention Bonus, the reduction in VAT and the Stamp Duty cuts.
The new scheme, given the somewhat more populist title of “Bounce Back Loans” (BBLS?) have most of the compelling features of their big brother, plus added features that are promised to make them much more easy to obtain.
The headline change has been to amend the date on which an employer is required to have had a payroll scheme in operation.
Help with taxes – This is the deferment of taxes (income tax, corporation tax, Vat and PAYE/NICs) under the “time to pay” arrangements. The service can be accessed on the number below, but be prepared to wait for some time to get through.
Peter is running the 2020 Brighton Marathon for Albion in the Community because they are one of our chosen charities of the year.
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