Green consumerism is on the rise and businesses are using eco friendly messaging to differentiate and attract a more eco conscious consumer demographic. In a bid to reach a larger share of this market, some businesses across a range of sectors are making vague or false “green” claims about their products and services, claiming to be better for the planet than they really are.
The super-deduction is a 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. This article will outline what it is, if your business is eligible, how to work out how much you can claim and how to claim and how to start the claims process. If you have any questions, please get in touch with your Swindells’ partner.
The new Chancellor Kwasi Kwarteng has delivered an Autumn mini budget and growth plan. His growth plan is based on ‘reforming the supply side of the economy, maintaining a responsible approach to public finance and cutting taxes to boost growth.’ He has addressed the cost of energy, reversed planned tax rises and National Insurance increases, cut stamp duty from today and more.
The new Charities Act 2022 will include several changes overriding the Charities Act 2011. It was announced that the changes have been made in an attempt to reduce red tape and administration, through wider freedoms given to trustees. This article will outline the proposed changes and timelines which span from Autumn 2022 through late 2023.
Goldman economists said that if prices stayed at current peaks, the UK will be forced to increase its energy cap by a further 80% in January. That would be on top of October’s 80% increase in the cap, which is lifting average dual fuel bills to £3,549 per year. If it happened, Goldman calculates it would push inflation to 22.4%, and trigger a 3.4% decline in GDP.
Businesses must submit import declarations through the Customs Declaration Service from 1 October. Businesses importing goods only have weeks left to move across to the UK’s new streamlined customs system.
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