Company operating profit figures to be standardised by 2027
Companies will be required to publish standardised operating profit figures from 2027
FSB warn about lenders’ use of personal guarantees
the Federation of Small Businesses (FSB) has expressed its concerns over the FCA’s examination of lenders’ increasing use of personal guarantees.
Relief on VAT & rates for thousands of small businesses.
Article on Relief for thousands of small businesses on VAT and rates
Inflation to fall and rates to come down in 2024
Economists predict that inflation will fall below the Bank of England’s 2% target at the start of Q2.
Buy-to-let loans to older landlords fall sharply.
The Independent reports that the number of new buy-to-let loans among over-55s has more than halved in a year
FSB calls for measures to boost economy
It is reported that the Federation of Small Businesses has written to the Chancellor ahead of the Budget. It is calling for measures to boost the economy.
Nearly 23,000 pubs, restaurants, and hotels closed since pandemic
The Mirror reports that in the UK, nearly 23,000 pubs, restaurants, and hotels closed since the pandemic. Of these, some 22,000 were licensed premises. This is a matter of considerable concern to the Hospitality industry. Conversely nearly 12,000 establishments have opened. This highlights the need for action. UKHospitality, the industry trade body, is calling for…
Boost in Consumer confidence
Improved optimism in household finances over the next 12 months.
Calls for VAT threshold increase
A report by FSB calls for the Government to consider raising the VAT threshold from £85,000 to £100,000. They argue that this will remove a barrier to growth. The current freeze on the threshold has been in place since 2017, This means that more companies are being brought into the VAT system due to inflation.…
HMRC criticised over service delays
The Daily Mail reports that taxpayers have voiced concern over the service being offered by HMRC. The claim is that callers are facing hour-long waiting times to get through and letters are going unanswered. Some taxpayers are waiting up to nine months to receive acknowledgement of their correspondence. With taxpayers trying to contact HMRC ahead…
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