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Is It Time to Electrify Your Double Cab Pickups?

Understanding the Changing Tax Landscape Current Tax Benefits: A Favorable Position Double cab pickups are the backbone of the construction industry, serving as both reliable haulers for equipment and convenient transportation for workers and their families. Yet, looming changes in tax regulations could reshape the landscape for these indispensable vehicles. The Impact of Tax Changes […]

The Autumn Statement

The Chancellor announced his Autumn Statement yesterday.  We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. Indeed, the Chancellor set out his priorities as Stability, Growth and Public Services. What this means is that we are back in Austerity 2.0 mode. Oh, and inflation […]

Jeremy Hunt makes changes

Here is another blog with yet more changes and reversals to the Kwarteng mini-budget that wasn’t a budget. In short, most of what he announced has been ditched by the new chancellor Jeremy Hunt. I am hesitant to say that these new announcements are ones that are going to remain. After all, we are living […]

Government makes a U-turn

On Friday afternoon the UK Prime Minister, Liz Truss held a press conference. Ahead of this press conference, it was announced that the Chancellor had resigned/been sacked (depending on whose version of the truth you are listening to). In this press conference, the September tax cuts as promised in the mini-budget have been watered down even further. What we […]

New National Insurance threshold comes into effect from 6th July 2022

Back in his Spring Statement in March of 2022, then Chancellor Rishi Sunak announced significant changes to National Insurance. The first of which came into effect in April when NI contributions were raised from 12% to 13.25%. What is changing in July? This month sees some respite however with the implementation of Sunak’s second change; […]

Spring Statement 2022

The Chancellor recently unveiled his Spring Statement. With a background of increasing wage, fuel and raw material costs and rising inflation, it was hoped the Chancellor would bring some respite for small businesses and sole traders. Thankfully there is some small respite coming for small business owners and sole traders. Before you get too excited, […]

Minimum Wage Update 2022

With costs going up across the board it is unsurprising that the national living wage is also being increased. However, for businesses, particularly small ones, this could have a dramatic effect on wage bills going forward. From April 1st 2022, the minimum wage will be increasing from £8.91PH to £9.50PH. This is a 6.6% increase […]

Self-employed Income Support Grants Extended

In line with the further extension of the CJRS furlough scheme for employees the chancellor has also set out further support for the self-employed. We had been waiting for the details of the calculation of the fourth SEISS grant covering the period to 30 April and we now know that the support will continue to […]

Furlough scheme extended to 30 September 2021

The current version of the furlough scheme that started on 1 November 2020 was scheduled to end on 30 April 2021. In order to avoid a “cliff-edge” with resulting widespread redundancies the chancellor has announced a further extension of the scheme and also a phased reduction in support to employers. The CJRS furlough grant for […]

The road out of lockdown

Yesterday the English government formally announced it’s 4 steps out of lockdown and all social distancing restrictions. The welsh and scottish governments will follow a largely similar timescale. The good news is that there is FINALLY an end in sight to the restrictions on trade and movement. However, COVID-19 is now with us permanently, and […]

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Is It Time to Electrify Your Double Cab Pickups?

Understanding the Changing Tax Landscape Current Tax Benefits: A Favorable Position Double cab pickups are the backbone of the construction industry, serving as both reliable haulers for equipment and convenient transportation for workers and their families. Yet, looming changes in tax regulations could reshape the landscape for these indispensable vehicles. The Impact of Tax Changes […]