SMEs have had to keep on top of various changes in tax rates and thresholds during the year, writes Andrew Constable (Moore Kingston Smith).
For many SMEs 2022 has been another difficult year. Many of the challenges can be traced back to Covid-19 and geo-political instability and include supply issues rising prices and the beginnings of a recession. Alongside global uncertainty there has been a degree of political volatility at home. From a tax point of view all this has perhaps meant that we have not necessarily seen the detailed development of policy that we have in previous years. We have however seen various headline announcements (and reversals) in several key areas along with some more subtle developments resulting from the action the government has been able to take and from case-law decisions.
Tax rates
As far as headline announcements are...
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SMEs have had to keep on top of various changes in tax rates and thresholds during the year, writes Andrew Constable (Moore Kingston Smith).
For many SMEs 2022 has been another difficult year. Many of the challenges can be traced back to Covid-19 and geo-political instability and include supply issues rising prices and the beginnings of a recession. Alongside global uncertainty there has been a degree of political volatility at home. From a tax point of view all this has perhaps meant that we have not necessarily seen the detailed development of policy that we have in previous years. We have however seen various headline announcements (and reversals) in several key areas along with some more subtle developments resulting from the action the government has been able to take and from case-law decisions.
Tax rates
As far as headline announcements are...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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