The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!
Despite UK house prices stabilising at the start of 2023 – after significant monthly falls in November and December last year - estate agents are continuing to face challenges.
Companies could soon see changes to the way they file their accounts as part of incoming legislation to help tackle money laundering and other illicit activity.
Armstrong Watson has strengthened its commitment to providing top-class apprenticeships for young people by partnering with the Association of Apprentices (AoA).
A new scheme to help businesses with their energy bills is set to be introduced.
On 9 January 2023, the Government confirmed the Energy Bills Discount Scheme (EBDS) will come into force from 1 April 2023 and will run through to 31 March 2024.
2023 looks as though it is going to be another year of high inflation. The Office for Budget Responsibility (OBR), which advises the government on its economic plans, forecasts that the Consumer Price Index (CPI) inflation for 2023 as a whole will be 7.4%, down from 9.1% in 2022, but far from the Bank of England’s target of 2%.
After a long wait, HMRC has finally provided detailed guidance for the new repayment process that will replace the VAT margin scheme for second-hand vehicles transferred between Great Britain and Northern Ireland, and then resold.