Johnson Murkett & Hurst

• Chancellor makes Full Expensing permanent in Autumn Statement
  Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery. The Chancellor said he was aiming to stimulate economic growth and highlighted 110 measures for businesses in the Statement.... read more
• National Insurance changes 'ease burden on strivers'
  The changes to National Insurance contributions (NICs) announced by Chancellor Jeremy Hunt in the Autumn Statement will help to 'ease the burden on strivers up and down the country', according to the Federation of Small Businesses (FSB).... read more
• Autumn Statement cuts won't stop tax revenues rising to highest ever levels
  The tax cuts announced in the 2023 Autumn Statement won't prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned. The IFS stated that announcing tax cuts in response to 'highly uncertain' changes in assumptions about the UK's medium-term economic prospects 'does not feel like a recipe for good management of the public finances'.... read more
• HMRC is ‘Making Tax Difficult’ with MTD programme
  HMRC is ‘Making Tax Difficult’ for taxpayers as Making Tax Digital (MTD) adds to the burdens they face, according to a report by the Public Accounts Committee (PAC). The report says that HMRC has lost sight of the need to put taxpayers at the heart of changes to the tax system.... read more
• Government agrees to crack down on crypto tax evasion
  The UK government has agreed an 'historic' commitment with 48 countries to combat criminals using crypto assets to evade tax. The landmark agreement follows on from the UK's tax deal made in 2021 to clamp down on corporate tax avoidance and 'ensure the right tax is paid in the right place'.... read more
• Real Living Wage to increase by 10%
  The Real Living Wage is set to increase by 10%, the Living Wage Foundation has announced. The rate will rise to £12 an hour across the UK and £13.15 an hour in London. The increase will affect over 460,000 people working for 14,000 Real Living Wage employers across the UK.... read more
• Rate of inflation falls as interest rates held
  UK inflation fell to a two-year low while the base rate of interest was unchanged by the Bank of England for the second month in a row. The Office for National Statistics (ONS) found that the UK's rate of Consumer Price Index inflation fell to 4.6% from 6.7% in September.... read more
• Advisory fuel rates for company cars
  New company car advisory fuel rates have been published and took effect from 1 December 2023. 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.... read more

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