July 2024

Welcome to the July 2024 issue of our newsletter.

July 2024

Welcome to Our Latest Newsletter

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It is imperative that we are all aware of the increasingly sophisticated methods adopted by cyber criminals and that we remain vigilant to protect ourselves and our businesses. We include a number of useful articles on this topic in our latest update. It is also important that we are able to spot authentic emails and, in this respect, please note that our emails containing documents will now come via ShareFile as opposed to RightSignature.

Another hot topic this week is, with the election results in, what will be the effect on tax bills? Labour are likely set out their initial plans in an ‘emergency’ budget. This is expected to take place in the autumn as the Office of Budget Responsibility (OBR) will need 10 weeks to prepare independent forecasts on the plans.

Further details will no doubt emerge over coming weeks, but our first article provides a review of what looks likely in the main tax areas based on their manifesto.

Below is our round-up of the latest tax and business news. Please contact us if you want to talk about how these updates affect you or your business. We are here to support you!

Election results in: What will be the effect on your tax bill?

Don’t forget to renew your Tax Investigation Service

Beware fake Companies House correspondence and preparing for a cyber attack

National Insurance contributions relief for veterans

Updated guidance on Construction Industry Scheme (CIS)

Base rate plateau a concern for small businesses

Inflation falls to 2%

New rules on distributing tips: Understanding the Employment (Allocation of Tips) Act 2023

Don’t be caught by false claims on business rates appeal deadlines

Don’t lose out on Child Benefit available to children in further education

Exploring finance options for small businesses: A guide to fuelling growth

Invest in Women Hub launched

Buying a second home: what should you think about?

Reforms to leasehold properties becomes law

Choosing passwords: the three random words method

Digital Markets, Competition and Consumers Act becomes law

Report on Companies House progress released

Automated Vehicles Act brings self-driving vehicles closer to reality

Advice for charities to concentrate on their positive work

New planning rules reduce red tape for farmers

Cutting edge technology coming to fishing industry

Fisheries & Seafood Scheme reopens for applications