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News Archive


20/10/2022
Liz Truss Stands Down As Leader Of The Conservative Party
Liz Truss has stood down as leader of the Conservatives just after 1.30pm on Thursday 20 October 2022.   Making he announcement outside 10 downing Street she said she will remain as prime minister until a new leader is elected.  
20/10/2022
Employers Responsibilities for Student Loans Repayments Via The Tax System
Student loans Employers are responsible for actioning student loan and postgraduate loan start and stop notices deducting student loan and postgraduate loan using the correct: plan and loan type supplied by their employee.   thresholds and rates for the relevant loan and plan type.  
20/10/2022
130% Super-deduction And The 50% Special Rate Capital Allowances For Companies
Decision tool and calculator for the 130% super-deduction and the 50% special rate capital allowances.   HMRC has published an interactive tool to help companies check if they can claim for the super-deduction of up to 130% or the 50% special rate first year allowances for qualifying expenditure on plant and machinery.  
20/10/2022
£65 Million Support For Drugs Services
Frontline and third sector organisations invited to apply.   Drug support services are benefitting from a £65 million boost to drive down the number of drug deaths each year.  
20/10/2022
New Tax Year Basis Will Affect Some Sole Traders And Partners
The rules HMRC uses to work out taxable profits for income tax in a self-assessment return are changing for many businesses.  From April 2024 onwards, sole traders and partners will be taxed on profits generated in that tax year, that is, from April to March.  
20/10/2022
Businesses Must Now File VAT Returns Using Making Tax Digital Compatible Software
The way businesses file VAT Returns has changed, as part of Making Tax Digital.   You should already be using Making Tax Digital compatible software, since this became mandatory from April 2022.  
20/10/2022
HMRC Changes To VAT Penalties And Interest Charges
New simplified penalties will start from next year for businesses who are late in submitting or paying VAT Returns.   For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by these new penalties.  
20/10/2022
New Bill To Keep Britain Moving During Transport Strikes
Transport Strikes (Minimum Service Levels) Bill will ensure some transport services still run during strikes.   law will ensure that transport services keep running during strike action.  
20/10/2022
Private Enerterprise To Benefit From Free Business Insight
Heriot-Watt's brightest business minds are applying their classroom knowledge to real-life industry challenges as part of a pioneering new teaching programme.   The Edinburgh Business School (EBS) has successfully launched its first ever student Consultancy Boot Camp and is today encouraging business leaders to come forward to find out how it can benefit them, free of charge.  
19/10/2022
The Brexit Effect - How Leaving The EU Hit The UK | FT FilmThumbnail for article : The Brexit Effect - How Leaving The EU Hit The UK | FT Film
This video is the best summary of the Brexit disaster.   28 minutes long but packed full of why we should not have left the EU.  
19/10/2022
New Offshore Wind Turbine Breaks Rotor Diameter World Record
China News Service, Fuzhou, October 13 (Reporter Long Min).   On the morning of the 13th, in the Fujian Three Gorges Offshore Wind Power International Industrial Park located in Fuqing City, Fujian Province, Goldwind's 13.6 MW large-capacity offshore wind turbine was officially rolled off the assembly line.  
19/10/2022
Covid Cases Rising Again In Scotland - 869 In HospitalThumbnail for article : Covid Cases Rising Again In Scotland - 869 In Hospital
Deaths involving COVID-19, weekly registrations (go to section) • As at the 9th of October 2022, there have been a total of 15,817 deaths registered in Scotland where the novel coronavirus (COVID-19) was mentioned on the death certificate.  In the latest week there were 36 deaths, nine fewer than the previous week.  
19/10/2022
Will The Triple Lock For Pensions Be Scrapped As PM Asks Ministers For Cuts
Speculation was rife yesterday following Jeremy Hunts reversal of most of the Mini Budget.   Previous commitments to keep the Triple Lock look to be on shaky ground.  
19/10/2022
Producer Price Inflation UK September 2022 Including Services 20% UpThumbnail for article : Producer Price Inflation UK September 2022 Including Services 20% Up
Producer input prices rose by 20.0% in the year to September 2022, down from 20.9% in the year to August 2022, its third consecutive monthly fall.   Producer output (factory gate) prices rose by 15.9% in the year to September 2022, down from 16.4% in the year to August 2022.  
19/10/2022
Coronavirus (covid-19) Infection Survey - 19 October 2022Thumbnail for article : Coronavirus (covid-19) Infection Survey - 19 October 2022
The latest estimated rate of coronavirus (COVID-19) reinfections on 29 September 2022 was 41.6 per 100,000 participant days at risk (95% confidence interval: 40.8 to 42.5).   Of all identified reinfections, 92.3% occurred during the period when the Omicron variants were dominant.  
19/10/2022
Index Of Private Housing Rental Prices UK Show Increase - September 2022Thumbnail for article : Index Of Private Housing Rental Prices UK Show Increase - September 2022
Private rental prices paid by tenants in the UK rose by 3.6% in the 12 months to September 2022, up from 3.4% in the 12 months to August 2022.   Private rental prices grew by 3.6% in England, 2.7% in Wales and 3.9% in Scotland in the 12 months to September 2022.  
19/10/2022
UK House Price Index August 2022 Shows Big Increases But Market Slows
UK average house prices increased by 13.6% over the year to August 2022, down from 16.0% in July 2022.   Despite UK house prices increasing between July and August 2022, annual growth has slowed because of the sharp rise in house prices in August 2021 following changes in the stamp duty holiday.  
19/10/2022
Inflation Rises Even Higher To 10.1% - It Would Have Been Worse Except Petrol and Diesel Came DownThumbnail for article : Inflation Rises Even Higher To 10.1% - It Would Have Been Worse Except Petrol and Diesel Came Down
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 8.8% in the 12 months to September 2022, up from 8.6% in August and returning to July's recent high.   The largest upward contributions to the annual CPIH inflation rate in September 2022 came from housing and household services (principally from electricity, gas and other fuels, and owner occupiers' housing costs), food and non-alcoholic beverages, and transport (principally motor fuels).  
19/10/2022
Attention Charities - Is Your Annual Submission Deadline Coming Up?Thumbnail for article : Attention Charities - Is Your Annual Submission Deadline Coming Up?
Every year, every registered charity in Scotland must send OSCR a set of accounts, a trustees' annual report and an external scrutiny report.   OSCR requires this information within 9 months of a charity's ‘year-end'.  
19/10/2022
Highland Adult Protection Partnership Public Statement - 3 Brothers Lost Money
The Highland Adult Protection Partnership greatly welcomes publication on the Scottish Court and Tribunal website of a court decision in the case of three brothers who were found to have been subject to financial exploitation.  The brothers had, in dubious circumstances, appointed two attorneys to manage their personal welfare and financial affairs as their health declined.