On 23 March the Chancellor announced that from April 2022, the Employment Allowance would increase to £5,000 per year. This change has now come into effect.
Existing rules prior to the coronavirus (COVID-19) pandemic provided Income Tax and National Insurance contributions exemptions, where employers provide employees with equipment to allow them to work from home. This rule remains in place.
VAT-registered construction businesses should note that this reverse charge came in on 1 March 2021. Revenue and Customs Brief 7 (2020) contains more information. In January 2021, a letter was sent to every VAT-registered construction business.
Chancellor Rishi Sunak has asked the prime minister's independent adviser to look into whether he properly declared his ministerial interests, after a week of headlines about his personal tax arrangements. The fast-rising politician, widely tipped as a future prime minister, must persuade voters there's no double standard in the way he manages his family finances alongside the nation's.
It has been one year since the off-payroll working rules (IR35) changed in the private and voluntary sectors. Detailed information is available on Off-payroll working (IR35), to help you understand the rules and operate them correctly. There will be some client organisations in the private and voluntary sectors who did not meet the size conditions.
Ukraine and Russia produce a substantial amount of grain and other food for export. Ukraine alone produces a whopping 6% of all food calories traded in the international market.
After months of dodging the issue, it appears that British Prime Minister Boris Johnson did in fact break his own emergency laws during COVID restrictions. The police have fined Johnson, his wife Carrie and - in a new twist to the story - Chancellor Rishi Sunak in relation to the partygate affair, which saw staff socialising in government buildings while the rest of the country was living under severe restrictions on their movements.
The extended loss carry back easement allows companies to make claims to carry back losses of accounting periods ending between 1 April 2020 and 31 March 2022 by a further two years. See full details at https://www.gov.uk/government/publications/extended-loss-carry-back-for-businesses Claims that exceed the £200,000 de minimis must be made in a Company Tax Return.
From April 2022, all VAT-registered businesses, regardless of taxable turnover, will be required to follow Making Tax Digital (MTD) rules. This means using MTD-compatible software to keep digital records and submitting VAT returns through Making Tax Digital for VAT.
Costs covered from start of academic year. Displaced Ukrainian students settling in Scotland will be given access to free tuition and living cost support, subject to parliamentary approval.
See photo for details..
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.2% in the 12 months to March 2022, up from 5.5% in February. The largest upward contributions to the annual CPIH inflation rate in March 2022 came from housing and household services (1.49 percentage points, principally from electricity, gas and other fuels, and owner occupiers' housing costs) and transport (1.47 percentage points, principally from motor fuels and second-hand cars).
The Office for National Statistics report released today show a huge rising housing services costs. Figure 4 shows the contribution of owner occupiers' housing costs (OOH) and Council Tax to the Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate in the context of wider housing-related costs.
The boom in postal and courier services means the number of business premises operated by transport companies has grown faster than any other sector, new Government figures reveal. But ParcelHero says pay hasn't kept up with growth.
The latest Labour Force Survey (LFS) estimates for December 2021 to February 2022 show the employment rate is unchanged on the quarter, while the unemployment rate decreased. Over the same period, the economic inactivity rate has increased slightly.
A report from the Office of National Statistics shows the rise in pay levels. Median monthly pay Early estimates for March 2022 indicate that median monthly pay was £2,067, an increase of 6.0% compared with the same period of the previous year.
The Office for National Statistics today published their latest report showing inflation is rising at the fastest rate for many years. Figure 2 shows the extent to which the different categories of goods and services have contributed to the overall Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate over the last two years.
The Office for National Statistics report shows the increase in payrolled employees. Main points Early estimates for March 2022 indicate that the number of payrolled employees rose by 4.9% compared with March 2021, a rise of 1,376,000 employees; the number of payrolled employees was up by 1.9% since February 2020, a rise of 544,000.
Two new Trade and Investment Envoys have been appointed to promote Scotland's business interests to American markets. Building on the successes of the network, Suneil Mishra and Andy MacMillan join Scotland's global team of envoys who help to identify opportunities in new international markets.
Office for National Statistics report shows latest pay levels. Main points for December 2021 to February 2022 Growth in average total pay (including bonuses) was 5.4%, and growth in regular pay (excluding bonuses) was 4.0% among employees in December 2021 to February 2022.
