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    Spring Statement Simplified

    In amongst all the talk around Brexit (deal or no deal), GDP, debt repayments, deficits, political posturing etc, team Whyfield has gone through the pain of listening to it all so that we could pluck out the meaningful stuff for you and your business. Here’s what you need to know…


    1.2% growth predicted for this year, 1.6% for 2020.


    £37bn National Productivity Fund to be launched.


    A National Infrastructure Strategy will be published alongside the Autumn Budget.


    New policy paper avoidance, evasion and non-compliance was published, here it is.


    £700m package to make apprenticeships more accessible for small businesses.



    New Technical Levels qualifications to be introduced from 2020.



    Wages grew at a rate of 3.4% in 2018 – the strongest in over a decade.



    The Competition and Markets Authority to launch an investigation into the digital advertising market.


    One thing the Chancellor didn’t talk about was Making Tax Digital changing in any way.  So the 1 April 2019 deadline for VAT registered firms still stands.  Our clients are all set, are you?

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The total amount of late filing penalties imposed by Companies House in January 2018 was over £7 million.

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From April 2019, Making Tax Digital kicks in. All of our clients are compliant or well on their way to being it.

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