Government Announcements

Spotlight - Government Announcements

Consultation for simpler income tax for SMEs opens

The Government has opened a consultation document regarding income tax simplification for small businesses, including the introduction of a 'cash basis' for tax calculations and simplified expenses, following announcements made by George Osborne in the Budget.

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Pension auto-enrolment thresholds confirmed to rise

The earnings thresholds for automatic pension enrolment will be aligned with tax and national insurance contributions, the Government has confirmed following consultations.

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Government's solar panel appeal rejected

The Government has failed to get permission to appeal to the Supreme Court over the cutting of solar panel subsidies.

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Concerns child benefit reforms will cause complications

Changes to the child benefit system announced in the Budget will cause a 'high degree of complexity' in take up and HMRC administration, says the Chartered Institute of Taxation (CIOT).

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Confusion over Budget enterprise zones

Businesses based in enterprise zones in Scotland, North Wales, and England are set to benefit from enhanced capital allowances, after announcements made in the Budget, but there is confusion over whether Northern Ireland is to be granted its first enterprise zone.

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Chancellor defends Budget

Chancellor George Osborne has been defending yesterday's Budget in a string of media interviews after accusations of hitting the elderly with reduced tax allowances and aiding the highest earners.

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Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

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Loan scheme for small businesses launched

A new Government backed loan scheme worth £20 billion aimed at boosting lending to small and medium-sized enterprises (SMEs) has been launched by the Chancellor.

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Government pledges to double contracts with SMEs

The Government plans to double its spending on public sector contracts awarded to small and medium sized enterprises (SMEs), from £3 billion to £6 billion, it has announced.

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SMEs urged to embrace overseas trading

Small businesses in the UK should take advantage of trade opportunities in the EU and on a global level to boost company growth and the UK economy, says business and enterprise minister Mark Prisk.

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