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By Daryl Warwick

27th January 2023

5 tips to prepare your business for the challenges of inflation

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%.

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By Armstrong Watson

26th January 2023

New VAT repayment scheme for second-hand vehicles moving from Great Britain to Northern Ireland

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.

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By David Threlkeld

25th January 2023

Do I still have the correct structure for my business?

In light of recent tax changes, it might be worth considering whether a partnership or company is the most suitable way to operate your farm business.

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By Graham Poles

24th January 2023

Could these tax reliefs be under threat?

A recent report has claimed that a handful of tax reliefs, supposedly only available to the wealthiest minority of the population, cost the Government £4bn a year in lost revenue, – and suggests that they should be removed in the upcoming Spring Budget

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By Scott McIver

24th January 2023

Don't overlook tax changes or lose tax allowances

The end of the tax year can be a stressful time here are some tax and financial planning tips to help you and your business get ahead

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Locks for pensions

By Martyn Pottage

20th January 2023

The Triple Lock State Pension – what does it mean for pensioners?

The ‘triple lock’ was introduced in 2010 and its purpose is to ensure that state pension benefits rise by the highest measure of price inflation (CPI), earnings growth or 2.5%.  

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By Armstrong Watson

10th January 2023

New advisory fuel rates for company cars

HMRC has published updated advisory fuel rates effective from 1 December.  The old rates could continue to be used until the end of last year, but any calculations from January must utilise the new amounts. 

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By Armstrong Watson

10th January 2023

Becky Bowness promoted to Head of Tax

Armstrong Watson is delighted to announce that Corporate Tax Partner Becky Bowness has taken on the role of Head of Tax and leads the firm’s tax service lines across all 18 offices throughout the North of England and Scotland.

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By Armstrong Watson

9th January 2023

Spreading the cost of your tax bill

As we approach the tax return deadline, businesses are faced with the cash flow challenge of having to settle their upcoming tax bill. While most will settle in full and on time, there are plenty of reasons why businesses may be unable to settle their tax bill in full.

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By Stuart Smith

4th January 2023

How do I plan for retirement?

The key is to try and get a picture of what your retirement might look like. From the outset, it is important to understand what level of income you will require after tax in today’s terms, or looking at it from another angle, what your outgoings will be

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