Two thirds (66 per cent) of contractors are ‘very worried’ about the public sector IR35 tax reforms given the go ahead in last week’s Autumn Statement, according to new research from Crunch Accounting. Additionally, nearly half (42 per cent) would no longer work in the public sector as a result of the outcome. Philip Hammond
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Tag Archive for Autumn Statement
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UK SME community sees Autumn Statement as modest and medium-term
by Owen Gough • • 0 Comments
Chancellor Philip Hammond presented his Autumn Statement to the nation, outlining the governments budget plan. Mike Cherry, national chairman at the Federation of Small Businesses, gives his thoughts and reaction to Hammond’s statement. Corporation Tax ‘FSB fully supports the government’s aims to enhance the UK’s reputation as an internationally competitive business tax location. The decision to further
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Autumn Statement 2016: Flat rate VAT changes explained
by Owen Gough • • 0 Comments
Major changes have been announced for the amount of VAT that many small businesses will have to pay in Philip Hammond’s Autumn Statement. This will affect businesses that use the VAT Flat Rate Scheme but which spend very little on raw materials – such as firms providing services. The VAT Flat Rate Scheme simplifies businesses’ record
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Autumn Statement 2016: Renewed living standards squeeze to be worse than last parliament
by Owen Gough • • 0 Comments
Lower earnings growth, higher inflation and ongoing welfare cuts detailed in the Autumn Statement mean that a renewed income squeeze is set to be even more severe than that seen in the last parliament, according to a new report published by the Resolution Foundation analysing the impact of the Autumn Statement 2016. The report finds
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Autumn Statement 2016: Businesses cannot rely solely on government
by Ben Lobel • • 0 Comments
Following yesterday’s news that UK SMEs have shown a lack of trust and familiarity with Philip Hammond, business owners and advisers are wondering how the Chancellor can inspire optimism for the economy and the UK’s business prospects. Andy Hart, head of Investec Asset Finance says, ‘We welcome any sustainable effort to stimulate the economy but government policy alone
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Business investment expected to slow after Autumn Statement
by Owen Gough • • 0 Comments
Revising down its GDP growth forecast to 1.3%, from 2% in the previous forecast, CBI predicts a weaker economic performance next year after the Chancellors Autumn Statement. The business group’s growth forecast in 2016 is unchanged at 2%, reflecting a stronger first half of the year and resilience in the months since the Referendum. But
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