May 2022

Welcome to the May 2022 issue of our newsletter.

May 2022

Welcome to Our Latest Newsletter


For many, the road ahead is challenging. The International Monetary Fund (IMF) has predicted that the UK will have the slowest growth in the G7 and across Europe’s main economies at 1.2% for 2023.

If you are in business and you know growth is slowing, inflation is rising and there are supply chain issues then what actions can you take to shore up resilience and stay ahead of the curve?

Building business resilience requires several key attributes.

  • Collaboration amongst departments, your suppliers and even fellow businesses.
  • Sharing resources and removing inefficiencies with duplicate information and processes.
  • Team formation so all employees know what impact they have on the business and can adapt to changes.
  • Suppleness and adaptability to make changes.
  • Having a business culture that allows for some failures or mistakes with new ways of doing things and learning from them and adjusting swiftly.
  • Spending time working on change management as well as working “in the business”.

Where do you start? Our top performing clients regularly discuss building resilience with all employees and collect their ideas and thoughts so, together, the whole team can work for change.

Information is power and we hope the below round up of the latest tax and business news will help. Before that we would like to share some good news with you.


Peplows’ client wins Oscar and now inspires a generation

It’s not every day that a client wins an Oscar so we wanted to share this amazing achievement with you and pass on huge congratulations to the very talented and humble Aneil Karia. Click here to find out more

Business/Tax News and Tips

Making Tax Digital (MTD) is now mandatory for VAT-registered businesses
The importance of a shareholders agreement
Tax relief for employee travel where there is “hybrid” working
Giving shares to employees
End of tax year payroll procedures
National Living Wage and National Minimum Wage rates for 2022
HMRC warn workers not to use schemes that claim to increase take home pay
Missing out on help with childcare costs?
Government sets out plan to make the UK a global cryptoasset technology hub - Also HMRC and crypto
Digital Growth Grant
Government investment for energy technologies of the future
Guidance for businesses wanting to offer help to Ukraine
What is Property Finance?
Changes to accounting for VAT on imports
HMRC reminds businesses to get ready to move to customs IT platform over the summer
UK Seafood Fund: Infrastructure Scheme
Exit scheme opens to support farmers who wish to leave the industry and create opportunities for new entrants
Top tips to help your business move towards net zero carbon
Commercial rent code of practice