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December 2014

Autumn Statement 2014

This was the final Autumn Statement of the current Parliament ahead of the election in May 2015. Delivered with passion, George Osborne hailed the UK as having “the fastest growing major advanced economy in the world”. He announced that the “long-term economic plan was working” because “against a difficult global background, I can announce a deficit that is half of what we inherited.”

Tax debt recovery safeguards strengthened

The government says it has improved safeguards to protect vulnerable taxpayers in its plans to recover tax and tax credit debts directly from taxpayers’ bank accounts.

856,000 claim Employment Allowance

Almost one million employers are benefitting from the Employment Allowance across the UK, according to new figures.

Tax tribunals backlog hits new high

The backlog of tax disputes waiting to be heard has reached a record high, new research has found.

Service cuts employment tribunal claims

More than 1,500 people a week are contacting a service that helps employers and employees to resolve workplace disputes without going to an employment tribunal.

Small employers ‘lack confidence on pension issues’

Less than a quarter of small and micro employers feel confident about dealing with pension issues and many expect to turn to accountants for help.

VAT service for digital businesses open for registration

Thousands of UK businesses supplying digital services to consumers across the European Union (EU) can now register for a new online VAT service.

Taskforce bid to limit impact of holiday pay ruling

Business Secretary Vince Cable has set up a taskforce to assess the potential impact of an employment appeal tribunal ruling on overtime and holiday pay.

Banks & Co say latest Autumn Statement shows the importance of SMEs to the UK Economy

Berkshire – based accountants Banks & Co is calling on businesses and individuals to carefully weigh up the announcements made by the Chancellor in his latest Autumn Statement.


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Accountants Newbury, Berkshire
Accountants Newbury, Berkshire

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Autumn Statement 2014