Mar 18, 2019 | Government Announcements
Chancellor Philip Hammond has announced plans to review the minimum wage, before new targets are unveiled for the years beyond 2020. In his Spring Statement speech on 13 March 2019, he said the Government had appointed Professor Arin Dube to undertake a review on...
Mar 14, 2019 | Government Announcements
The Government has confirmed it will not be mandating Making Tax Digital (MTD) for any new taxes or businesses in 2020. Previously, HMRC said it would not extend the scheme to other taxes, such as income tax and corporation tax, until April 2020 at the earliest. This...
Mar 13, 2019 | Government Announcements
New measures to tackle late payments Mike Cherry, national chairman of the Federation of Small Businesses, said: "The commitment from the Chancellor that the Business Secretary will [tackle late payments] is welcome, and we are especially pleased that the first...
Mar 13, 2019 | Government Announcements
Chancellor Philip Hammond delivered few significant announcements in his Spring Statement on 13 March 2019, instead reiterating or updating those made in Budget 2018. Aside from a response to the updated economic and fiscal forecasts from the Office for Budget...
Mar 13, 2019 | Government Announcements
The Office for Budget Responsibility (OBR) has revised down its growth forecast for 2019, but has predicted lower borrowing. According to the forecasts announced on 13 March in Spring Statement 2019, GDP is set to grow by 1.2%, down from October's forecast of 1.6%....
