Autumn Statement – 17 November 2022 HIGHLIGHTS

The Chancellor, Jeremy Hunt says the government will deliver a plan to tackle the cost of living crisis and rebuild the UK economy. He added his priorities are stability, growth, and public services, and is providing “fair solutions” despite taking “difficult decisions”. However, the majority of the attention is centered on creating a balance between tax increases and spending cuts […]

Providing employees with christmas presents

As an employer you can give tax-free gifts to your employees provided that they satisfy the following four conditions: The total cost to the business is £50 or less to provide Note: if the gift exceeds £50, for example, the gift was £45 and the postage cost was £6.99, then the whole amount of £51.99 would become taxable. No cash […]