Blog Archive for 2022

With rising energy prices, inflation concerns, and a much-debated increase in National Insurance coming into effect in April, the Spring Statement issued by UK chancellor Rishi Sunak on 23 March 2022 was perhaps more anticipated than most of these annual events. Here we look at the key announcements and what they mean for your small business.

The next stage of the UK government’s plans for Making Tax Digital (MTD) come into effect on 1 April 2022. From this date, all VAT-registered businesses, regardless of income, must file VAT returns digitally through MTD.

The temporary VAT reduction for hospitality will finish on 31 March 2022, which will see it rise from 12.5% back to the original rate of 20%.