News

Stay up-to-date with all of the very latest news from us at PG Tax.

New company size thresholds

New company size thresholds

Following consultation, the Government has announced increased limits for company size thresholds. The aim is for this to be law by the summer. These are all part of further BREXIT freedoms and further deregulatory measures will be introduced to simply reporting. So...

The new 2024/25 Tax Year started over last weekend

The new 2024/25 Tax Year started over last weekend

Usually this results in an annual missive from Yvonne Downie asking you for your tax return data for the year ended 5 April 2024. You may be wondering why you have not yet received it. Well, this time we cannot blame the postman. Unfortunately, Yvonne is currently on...

Interest rate cuts are coming down soon

Interest rate cuts are coming down soon

The Bank of England boss Andrew Bailey has indicated interest rate cuts are coming down soon after the rate was left unchanged at 5.25% last month, the highest for 16 years. The Bank still needed to see inflation fall further, but last month’s fall to 3.4% was...

Good news on the UK economy

Good news on the UK economy

Last week came news the UK economy picked up in January, raising hopes it could be on its way out of recession. The economy grew by 0.2%, official figures show, boosted by sales in shops and online and more construction activity. On Wednesday more good news as...

Jeremy Hunt’s final Budget before the next General Election

Jeremy Hunt’s final Budget before the next General Election

Today saw Jeremy Hunt's final Budget before the next General Election and possibly his last ever Budget. For those of us with long memories, are there any similarities with Ken Clarke's last Budget in 1997 before Tony Blair swept to power? Time will tell. Across the...

A mixed bag of news on the UK economy last week

A mixed bag of news on the UK economy last week

HMRC MOVE GOALPOSTS ON DOUBLE CAB PICK UPS - THEN U TURN For many years double cab pick ups have been a popular alternative to a company car as they have been considered to be vans and therefore received a preferential benefit in kind charge. Well, last week HMRC said...

Shares in NatWest to the general public

Shares in NatWest to the general public

The sale of shares in NatWest to the general public could happen as early as June, UK Government Investments (UKGI) has confirmed.  The Treasury still owns 39% of the bank since it bailed it out to the tune of £46bn during the 2008 financial crisis. But UKGI, the...

Good news to start the New Year

Good news to start the New Year

The Government borrowing figures for December fell to £7.8billion, the lowest December figure since 2019. Interest payments dropped from £14.1billion in December 2022 to a mere £4billion last month as the effects of falling inflation were seen. This good news came...

Welcome to the first edition of Vision for 2024.

Welcome to the first edition of Vision for 2024.

With it looking like we will have a General Election towards the end of the year and with it also being a US Presidential election year, I'm sure there will be plenty to discuss. Apparently we spent more over the Christmas period on foodstuffs than in 2022 with...