Monthly Archives: February 2024

This update is only with reference to DCPUs with a payload of one tonne or more. DCPUs with a payload of less than one tonne continue to be treated as cars. On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs), following a 2020 Court of…

Skills Bootcamps help you develop new skills that employers are looking for. They are a great opportunity to train in a new industry or progress in your current career.   Types of Skills Bootcamps There are hundreds of Skills Bootcamps available across many areas, for example: digital, including data engineering, software development and marketing; technical,…

We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties. However, this post is focussed on processing your returns for 2023-24 and the message is, lets get your returns processed as soon as possible after 5 April…

In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented - for 2023-24 – before 6 April 2024, the end of the tax year. A similar deadline applies to business planning,…

The UK economy fell into recession during the final three months of 2023, according to official figures. For more details please click the link: https://www.bbc.com/news/business-52986863

People spending less, doctors' strikes and a fall in school attendance dragged the UK into recession at the end of last year, official figures show. For more details please click the link: https://www.bbc.com/news/business-68285833

It's likely a positive sign for the Bank of England, which has been raising interest rates and making borrowing more expensive in an attempt to bring inflation down to the target rate of 2%. For more details please click the link: https://news.sky.com/story/uk-inflation-rate-remains-at-4-13071253

The Prime Minister welcomed his 2024 Business Council to Downing Street. For more details please click the link: https://www.gov.uk/government/news/pm-meeting-with-2024-business-council

The next generation of business leaders have received over £100 million worth of support from the Government backed Start Up Loan Scheme For more details please click the link: https://www.gov.uk/government/news/100-million-support-delivered-to-back-next-generation-of-small-business-owners

More than 38,000 pubs will benefit from the six-month freeze on alcohol duty from 1 February 2024. According to HM Treasury: The great British pub receives further boost from I February as a six-month alcohol duty freeze to 1 August 2024 takes effect. This tax saving will help support around 38,175 pubs to face rising…