Mike Carabine comments on the Chancellor’s Statement (17Oct)

Nick Forsyth reaction to Government U-turns

When Norman Lamont put up the base rate 5% in one day before conceding defeat and reducing it back to 12% (yes 12%) by nightfall, you could be excused for thinking “we will never see anything like that again” – but here we are 30 years later and eating an even...
IR35 changes announced in the mini-budget

IR35 changes announced in the mini-budget

In the recent mini-budget delivered on 23 September 2022, there was an unexpected change announced to the off-payroll working rules known as IR35. The reforms of 2017 and 2021 will be repealed from 6 April 2023.  This means we will go back to contractors providing...
Income tax basis periods reform

Income tax basis periods reform

In the 2021 Budget. proposals to reform the income tax basis periods were confirmed.  The intention was to help with the introduction of Making Tax Digital for Income Tax Self Assessment (MTD ITSA). This will affect all business who have accounting periods that do not...