Johnson Murkett & Hurst

• Chancellor must use Autumn Statement to cement commitment to small firms
  The Chancellor should cement the government's commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB). The FSB has called for a strong stand against late payments; an extension to the 75% business rates discount for retail, hospitality and leisure businesses beyond March 2024; and training in new skills to be tax-deductible for the self-employed........ read more
• Inflation rate holds steady as UK economy grows
  The UK’s rate of inflation held steady in September while the nation’s economy grew the month before, according to the latest figures from the Office of National Statistics (ONS). The ONS revealed that the CPI rose by 6.7% in the 12 months to September, the same rate as was recorded in August. The CPIH, which includes owner occupiers' housing costs, rose by 6.3% during this time......... read more
• UK set for biggest tax rise in at least 50 years
  The UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation, according to analysis from the Resolution Foundation. The think-tank said taxpayers are set to pay over £40 billion a year by 2028, up from a forecast of £30 billion at the time of the March Budget......... read more
• Scams warning issued to 12 million self assessment taxpayers
  Self assessment taxpayers must be on the lookout for scam texts, emails and phone calls from fraudsters, HMRC was warned. HMRC has received more than 130,000 reports about tax scams in the past year, with 58,000 of those offering fake tax rebates......... read more
• Online platforms should sign up to Prompt Payment Code
  Online platforms should commit to paying small businesses within a maximum of thirty days in line with the Prompt Payment Code, according to the Federation of Small Businesses (FSB). The FSB has set out a range of proposals to protect small business owners who use online sales platforms to ensure that small firms can make the most of the opportunities of trading online......... read more
• Hybrid and remote working here to stay
  A large majority of UK business leaders plan to offer employees remote and hybrid working in the long-term, according to the Institute of Directors (IoD). A survey conducted by the IoD found that 84% of business leaders polled plan to provide office-based staff members with some degree of remote working. The IoD's survey was conducted between 13 and 30 September 2023 and received 710 responses......... read more
• Many firms still facing recruitment problems
  Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC). 73% of firms surveyed by the BCC reported having recruitment problems, with businesses in the hospitality sector the most likely to report challenges......... read more
• Latest guidance for employers
  HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: electric charging of company cars and vans at residential properties, paying your PAYE Settlement Agreement, reporting PAYE information when payments are made early at Christmas and more....... read more

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