by ClearwaysAccountants | Nov 21, 2022 | Budgets and Autumn statements, Business tax, Contractor
Autumn Statement 2022 (again!) Two autumn statements in as many months but this one looks like it is here to stay. There are number of points mentioned and others that were not mentioned in the statement that I want to draw your attention to. Most of the allowance...
by ClearwaysAccountants | Mar 5, 2021 | Budgets and Autumn statements, Business tax, Contractor, COVID-19 Business Support
A year is a long time in politics. In the Budget 2020, the Chancellor earmarked £12 billion for COVID expenditure, at this year’s Budget the total spend was heading towards £407 billion. This is a huge amount of money that will take generations to repay,...
by ClearwaysAccountants | Mar 12, 2020 | Budgets and Autumn statements, Contractor, Self Employment, Small business advice
A new Government and a Budget for a new era. This Budget was a spend, spend, spend budget but it’s hard to see where the money is coming from; some from the changes to entrepreneur’s relief, a large slice from the changes to IR35 and another lump from...
by ClearwaysAccountants | Nov 1, 2018 | Budgets and Autumn statements, Contractor, IR35
Budget 2018 – CONTRACTORS DON’T PANIC! There has been substantial press coverage on the changes to IR35 as previewed in the Budget 2018. The change is not to be legislated until Finance Act 2019 so the details are not confirmed but here at Clearways...
by ClearwaysAccountants | Nov 1, 2018 | Budgets and Autumn statements, Contractor
Other key changes in the Budget The personal allowance will be £12,500 and the basic rate band will be £37,500. A total income of £50,000 before paying higher rate tax (and also losing child benefit) so a very high marginal tax rate if you have children. Other...
by ClearwaysAccountants | Nov 25, 2017 | Budgets and Autumn statements, Contractor
Thankfully dull! That’s our summary of the Autumn budget. A number of proposals were raised in the press such as lowering the VAT registration threshold and changing IR35 but none have come to pass – at least not yet. So what was said? The personal...
