| |
| |
| |
| |
The Chancellor will make his Spring Statement, next week on 23rd March. The statement will be accompanied by the latest Office for Budgetary Responsibility forecasts. In the current uncertainties stemming from the war in Ukraine, there are a number of calls on the Chancellor for action in a range of areas. What is looking probable is an increase in defence spending and particularly an increase in the funds available to support efforts in relation to the Ukraine. | |
| |
| |
Businesses Urged to Apply for Remaining COVID-19 Support Grants | |
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.
Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to £6,000 through the Omicron Hospitality and Leisure Grant scheme. | | | |
| |
| |
| |
| HMRC raises late payment interest rate to 3% | |
Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent. The increase applies from 14 February 2022 for quarterly instalment payments and from 21 February 2022 for non-quarterly instalment payments. On 2 February 2022, the Bank's Monetary Policy Committee (MPC) increased the base rate to 0.5%. | |
| |
| |
| |
| Advisory fuel rates for company cars | |
New company car advisory fuel rates have been published and took effect from 1 March 2022. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. | |
| |
| |
| |
| |
| |
James Cowper Kreston is a leading firm of accountants and business advisers, with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential. If you would like to discuss any of the topics raised within this newsletter please email us on info@jamescowperkreston.co.uk or call us on 01635 35255. James Cowper Kreston | |
| |
The information in this newsletter must not be relied on as giving sufficient advice in any specific case.
| | | |
| |
| |
| |
| |
.jpeg)
