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Accounting News

Spring Budget 2024 – What You Need To Know

Spring Budget 2024 – What You Need To Know

On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But...

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Autumn Statement 2023 – What You Need To Know

Autumn Statement 2023 – What You Need To Know

On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fueled by falling inflation and stabilised public finances,...

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Spring Budget 2023: What You Need To Know

Spring Budget 2023: What You Need To Know

On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Here is a...

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Autumn Statement 2022 – What You Need To Know

Autumn Statement 2022 – What You Need To Know

The new Chancellor Jeremy Hunt had warned the public and the financial markets that his Autumn Statement would include “eye-watering” cuts in public spending and tax rises for those with the ‘broadest shoulders’. Unlike the ill-fated Fiscal Event of 23...

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Chancellor’s Mini Budget – What You Need To Know

Chancellor’s Mini Budget – What You Need To Know

On 23 September 2022, Kwasi Kwarteng, the new Chancellor delivered a Tax Cutting “Fiscal Event” or Mini-Budget to help boost economic growth. This was in line with promises made by the new Prime Minister Liz Truss when she was campaigning...

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Tax Relief For The Expenses Of Running A Property Business

Tax Relief For The Expenses Of Running A Property Business

In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions, it is possible to obtain tax relief for the expenses of running a property business. Allowable expenses The general rule is that...

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Companies – Claim Extended Loss Relief Online

Companies – Claim Extended Loss Relief Online

To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window. Where companies are making a claim for relief under the extended carry-back rules, the claim...

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Cryptocurrency – What Is A Sale – Gain Or Income?

Cryptocurrency – What Is A Sale – Gain Or Income?

Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual ownership of the 'coins' are stored in a digital ledger with secure transaction records. Coins can...

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