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The Chancellor's Spring Budget saw a taking with one hand while giving with the other.
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Later today (March 23, 2022), Chancellor Rishi Sunak will put forward his 'Spring Statement' on measures which will affect business, tax and the economy.
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Agency trade body, APSco, has examined what the Chancellor didn't say in his recent Budget and the missed opportunities.
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The optimistic message from Chancellor, Rishi Sunak, for a new post-Covid economy does not resonate with the reality for many freelancers, contractors and small businesses who continue to feel left behind.
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Ahead of the Budget (Wednesday, October 27), the Chancellor has been urged to resist introducing further tax changes that offer ‘quick wins’ for the economy but deal long-term - even permanent - damage to the UK’s self-employed workforce.
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As the Budget dust settles, we round up with comments from industry experts.
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Professional tax body, the Chartered Institute of Taxation (CIOT) welcomed the announcement by the Chancellor that those who commenced self-employment in the 2019-20 tax year can benefit from the fourth and fifth Self-Employment Income Support Scheme grants, but alerted potential claimants to new rules and HMRC compliance activity in relation to claims.
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Agency group APSCo gave a cautious welcome to measures within the Budget which will impact on the recruitment sector - but also called for support to be fast tracked and simplified.
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The Budget promised support now but warned that the price would be tax rises in the future. Here are the main points which affect freelancers and small businesses.
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The economic survival during the Covid pandemic and the recovery after it, dominated the Chancellor's Budget.
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