• 1st September 2016

    Brexit and VAT

    Hypothetically, VAT could be abolished following Brexit as it was introduced as a condition of joining the EU. However, most people consider that an abolition of VAT is so unlikely that it can be discounted as a possibility as VAT rises just short of £120 billion per annum.
  • 16th August 2016

    Financial Focus On...The Capital Allowance Sting

    Since the introduction of the Annual Investment Allowance (AIA), the level of Capital Allowances (CAs) on offer from the government has been, in tax terms, incredibly generous when viewed from a small business point of view.
  • 8th August 2016

    Pension schemes: 6 weeks post referendum

    Whilst we still remain in the EU, the uncertainty around the vote to leave continues, Over the past few weeks events have been moving at a whirlwind pace. Former Pensions Minister Ros Altmann’s resignation, following just 14 months in the job, has not come as a surprise to many.
  • 5th August 2016

    Brexit update: Base rate fall to record low

    As was widely expected, following the August meeting of the Bank of England’s Monetary Policy (MPC), the base rate has been cut to a record low of 0.25%. The MPC had little room to manoeuvre following the recent publication of the first real post-Brexit economic data which pointed towards an economic slowdown.
  • 3rd August 2016

    Brexit uncertainty is beginning to bite

    Over the past few days we have seen the release of data indicating that both consumer and business confidence have been dented following the Brexit decision in June. Manufacturing PMI data, for example, points to new orders for businesses slowing and input prices rising and the construction data is no more encouraging. Some commentators are drawing parallels with the early indicators that we saw heading into the last recession.