The Autumn Statement 2022

The Autumn Statement 2022

The Autumn Statement 2022 On 17 November 2022, the government undertook the third fiscal statement (The Autumn Statement 2022) in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy…

Are employee parties tax-free?

Are employee parties tax-free?

Are employee parties tax-free? If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff. This means you can claim back some of the expenses you incur when putting on a social event for your team, while…

Reversal on Emergency Budget 2022

Reversal on Emergency Budget 2022 Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’. Three weeks later, after huge turmoil, a…

Mini Budget September 2022

Mini Budget September 2022

Mini Budget September 2022 The government’s plans for growth Chancellor reveals his plan for growth The week leading up to Chancellor Kwasi Kwarteng’s ‘Mini Budget’ may have been a short one due to the Queen’s funeral but the new government managed to fill it with a stream of policy announcements. Before Mr Kwarteng stood up…

Tax Free Childcare

Tax Free Childcare During the school holidays, many parents face having to organise extra school holiday childcare over the summer months. Working families can use the Tax-Free Childcare (TFC) scheme (Tax-Free Childcare – GOV.UK (www.gov.uk) to help if they have children aged up to 11 years old (17 for those with certain disabilities). The TFC…