Leading hospitality and leisure expert welcomes support announced today, but warns of further uncertainty
A leading hospitality and leisure specialist accountant has welcomed the support announced today for hospitality and leisure businesses facing the consequences of the omicron variant – but says that what the sector really needs is certainty going forward.
Bank of England raises interest rates to 0.25%
The Bank of England (BoE) has raised interest rates for the first time since the start of the coronavirus pandemic, despite growing concern over the ‘Omicron’ variant.
Self-Certification period extended until 26 January 2022
A temporary amendment has been made to statutory sick pay regulations which sees employee’s being able to self-certify for 28 days opposed to 7 days.
Early Retirement Made More Difficult from 2028
In November 2018, the UK State Pension age was 65 for men and women. However, this has been gradually increasing and when you receive your State Pension now, depends on when you were born. Therefore, State Pension age for all men and women will reach age 67 by 2028.
Structure and Buildings Allowance
Introduced in the 2018 Budget, the Structure and Buildings Allowance (SBA) enables businesses to reclaim a percentage of their costs on the construction of qualifying new non-residential structures and buildings.
Three-day wait for Statutory Sick Pay to return next year
The standard three-day waiting time for Statutory Sick Pay (SSP) will be reinstated for coronavirus (COVID-19)-related claims from 25 March 2022, unless the government intervenes.
Government rejects proposals for fundamental changes to capital taxes
Taxpayers have been in limbo for several years, wondering whether the Government would act on any of the recent proposals for changes to capital taxes.
Smaller VAT-registered businesses urged to prepare for 'Making Tax Digital'
Small VAT-registered businesses have until April 2022 to prepare for a shake-up in the way they submit VAT returns.