Penalty reprieve ends and interest rate hike Any taxpayer that was relying on the relaxation of the late payment penalty rules must have either paid their tax bill or agreed a time to pay arrangement before 1 April. Unless there… Read more

Household support fundThe Chancellor confirmed that he would double the amount made available to the Household Support Funds operated by local Councils. The fund provides short-term financial support to vulnerable households struggling to afford household essentials. Business rates relief and… Read more

R&D tax reliefIn the previous 2021 Autumn Budget the Chancellor announced that the system for claiming relief for investment in Research and Development (R&D) was to be reformed. This reform was confirmed in this Spring Statement; meanwhile, all cloud computing… Read more

Fuel DutyAlthough this measure had been widely expected, the main ‘headliner’ was the cut in fuel duty. The announcement was for a temporary 12-month cut to duty on petrol and diesel of 5p per litre, representing a tax cut of… Read more

The Spring Statement was presented by the Chancellor, Rishi Sunak, on 23 March 2022. When the Chancellor stood up in the Houses of Parliament to deliver his Spring Statement it was against the backdrop of what the Office of Budget… Read more