Government Archives - CRASL Accounting Services

Bank of England raises UK interest rates to 5.25%

by Kirstie | Sep 11, 2023 | News

The UK’s interest rate has been raised to 5.25% by the Bank of England, as it continues to try and bring inflation under control. The Bank’s Monetary Policy Committee increased the rate by 0.25% from 5% – the 14th increase in a row. It is a 15-year high...

HMRC extends deadline for voluntary NICs to April 2025

by Kirstie | Jul 13, 2023 | News

HMRC has extended the voluntary national insurance contributions (NICs) deadline until 2025. Extending the voluntary NICs deadline until 2025 will give people more time to consider whether paying voluntary contributions is right for them, and also ensures individuals...

Spring Budget 2023 – Capital Allowances

by Kirstie | Mar 21, 2023 | News

Designed in part to help offset the increased Corporation Tax main rate, the Chancellor announced the introduction of a new ground-breaking 100% first-year capital allowance for qualifying plant and machinery assets. This measure is also expected to help boost...

Spring Budget 2023 – Childcare Changes

by Kirstie | Mar 21, 2023 | News

One of the main areas targeted by the Spring Budget 2023 was changes to childcare. Billed as a revolution in childcare, the Chancellor, Jeremy Hunt, said that he wanted to reform the childcare system to help more than a million women come back to work. The 30-hours...