The Super-Deduction: Everything you need to know

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 Chancellor’s Mini Autumn Budget

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.

Charities Act 2022 – get ready for the changes…

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.

Recession looming, what will it mean for your business?

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.

One month left for importers to move to single customs platform

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.

Couples urged to ‘say yes’ to Marriage Allowance proposal

Eligible married couples or people in a civil partnership could reduce their tax by up to £252 a year by signing up to Marriage Allowance.