Since being elected, the government has continually emphasised its desire to “level up” the UK, and the Chancellor made numerous references to this during his speech.
Armstrong Watson has teamed up with the Medical Defence Union (MDU), the UK's leading medical defence organisation, and its partner organisation the Dental Defence Union (DDU), to provide its members with access to tax, accountancy and business advisory services.
The Chancellor has set the scene for further potential tax increases ahead of the Autumn Budget in order to put the country’s public finances on a “sustainable footing.”
Rishi Sunak told the Conservative party conference he wanted to lower taxes but funding the pandemic recovery “comes with a cost”.
Armstrong Watson has warned that an increase in National Insurance Contributions for businesses could discourage the creation of new jobs and potentially put some at risk.
Changes to off-working payroll rules continue to cause compliance issues and with a third public body hit with a multi-million-pound penalty, businesses are urged to take advice.
It is commonplace for farming families to have a complicated property ownership history. This can result in a position where not everybody knows who owns a particular property and for family members to be living in houses owned by someone else. It worth then considering the tax consequences that can arise.