News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
Autumn Budget Report
Read our Autumn Budget Report here. The Budget measures aimed to raise over £40bn in taxes, by far the lions share coming from an increase in Employer’s National Insurance Contributions (ERNIC).
Autumn Budget Headlines
Here are the headlines from the Chancellor’s Autumn Budget. We have focussed particularly on the business tax measures announced in the Budget.
A recap of the Energy Bill Relief Scheme
A recap of the Energy Bill Relief Scheme, making it clear that the discount only applies to the wholesale element of a business’ energy costs.
Employee Ownership Trusts
Craig Simpson, Tax Partner at Bates Weston looks at the growing trend towards employee Ownership and the Employee Ownership Trust in particular.
Jeremy Hunt’s Statement 17 Oct 2022
In Jeremy Hunt’s statement yesterday, he told us which Mini-Budget measures are staying and which are not going ahead. The summary is simple. Everything goes except abolishing the Health & Social Care Levy, changes to Stamp Duty and the increased Annual Investment Allowance.
Update to Mini Budget October 2022
In an update to the mini budget, the Chancellor has cancelled his plans to abolish the higher 45% rate of Income Tax. We have update our Mini Budget Summary Report to reflect this.
Mini Budget 23 September 2022
The Chancellor has announced the Government’s growth plan and the tax measures that are included within it, in his mini budget. Here are the headlines.
Bates Weston Corporate Finance team advises on the sale of CPS Building Services
Chris Jones, Corporate Finance Partner at Bates Weston comments on the successful sale of CPS Building Services to H.I.G Capital.
Is a two year energy freeze on the way?
Is Liz Truss about to announce a two year freeze on energy costs?
Business Relief and Inheritance Tax Planning
An overview of Business Relief, formerly known as Business Property Relief and its importance in Inheritance Tax Planning.
The Energy Bills Support Scheme
A reminder of the Energy Bills Support Scheme and calls to look again at the support on offer from the Committee on Fuel Poverty (CFP). ahead of the Ofgem price cap to be announced 26 August 2022.
Embracing Making Tax Digital
How keen is the UK, in general, to embrace HMRC’s Making Tax Digital (MTD) initiative? Are we lagging behind other countries in adopting a digital system and have we gone far enough to digitise all business processes, rather than just the integration with the tax system?
What can we do to help as inflation soars?
How can we help you to mitigate the impact of inflationary pressures and protect margins? By bringing both revenues and expenses sharply into focus.
Capital Gains Tax Statistics 2020-2021
Capital Gains Tax collected in 2020-2021 reached a record high of £14.3 bn at a time when many would have predicted a more negative outlook.
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