News
Tax and finance updates
Every day brings news of changes to tax law or government policy, or the emergence of facts and figures with implications for British businesses and individuals. Our daily news feed helps our clients keep their fingers on the pulse of what’s going on, with comment and insight from industry figures, government officials and trade bodies.
Government U-turns on windfall tax for energy companies
25% tax on excess profits announced for energy companies.Retail sales volume rose in April 2022
Sales volumes in three months to April continue to drop.Recession fears grow amid stagnating economy
Concerns grow as economy shrinks by 0.1% in March.Is hybrid working here to stay?
8 in 10 say they want to do hybrid work in the future.4 in 5 employers ‘negatively impacted’ by NICs rise
BCC reports increased staffing costs and decreased investment.HMRC suspends payment of some R&D tax credits
Delays expected as HMRC clamps down on abuse.Experts call for rethink of online sales tax
Critics doubt tax would effectively address business rates balance.Brexit cross-border tax complexities cost UK economy £47bn
Administrative costs hurt businesses even more.Sunak sets out ‘plan for growth’ but falls short of immediate support
Chancellor insists the Government “stands ready to do more”.UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.
What we can do for you
Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.