Moore Growth Accountants

SPECIALIST SME accountants helping to build on your existing successes and realise even more sustainable growth that benefits you, your people & your customers.

[Moore Growth Accountants @MGA_LLP]

Earlier this week, we were asked for the best tip of how to make a successful business

There are of course a number of tips you can give

Our response was, "the best tip we can give you is to look after your team and they will look after you"

#team #workingtogether #recruiting

[HM Treasury @hmtreasury]

We're protecting our high streets.

From 2026-27 permanently lower tax rates will be introduced for retail, hospitality & leisure (RHL) properties.

Plus, for 2025-26, 250,000 RHL properties will receive 40% relief on their bills, up to a cash cap of £110,000 per business.

[HM Treasury @hmtreasury]

The government will protect working people and those in local communities by freezing fuel duty next year.

This is a tax cut worth £3bn and will save motorists almost £60 a year.

[HM Treasury @hmtreasury]

From January Employee National Insurance Contributions will drop from 12% to 10%.

That’s a £450 tax cut for the average worker earning £35,400.

Helping people keep more of the money they earn & making work pay.

Part of our plan to grow the economy.

[HM Treasury @hmtreasury]

NEWS: Due to the success of Full Expensing we are making it permanent.

This means that companies that invest in the UK will reduce their tax by up to 25p for every £1 they spend on plant and machinery.

[HM Treasury @hmtreasury]

Today's Autumn Statement has set out a package expected to bring £20bn annually of investment in the UK economy.

Levelling up communities, jobs, and opportunities across the UK.

[HM Treasury @hmtreasury]

High streets employ millions & are the beating hearts of our communities.

We're backing our high streets by extending 75% business rates relief for retail, hospitality and leisure until 2025.

And we're protecting over 1m ratepayers - freezing the small business multiplier.

[HM Treasury @hmtreasury]

Supporting the self-employed by cutting National Insurance Contributions from April 2024.

That’s a tax cut of £350 for the average self-employed person earning £28,200 a year.

Helping people keep more of the money they earn.

Part of our plan to grow the economy.

[HM Treasury @hmtreasury]

Apprenticeships offer a chance to earn while you learn & gain industry experience.

That's why we're committing a further £50m for a 2 year apprenticeship pilot, exploring new ways to stimulate training in growth sectors.

[HM Treasury @hmtreasury]

The Pensions Triple Lock and Pension Credit will be protected and rise in April 2024 by 8.5%.

This will support pensioners across the United Kingdom with the cost of living.

[HM Treasury @hmtreasury]

This government is supporting people on low incomes with housing.

We’re raising the Local Housing Allowance across the UK and providing £120m to prevent homelessness.

This is in addition to £1bn+ already provided through the Homelessness Prevention Grant between 2022-25.

[HM Treasury @hmtreasury]

A new childcare package has been announced to support eligible working parents.

Working families will have access to 30hrs free childcare per week for children aged between 9 months and 4 yearsA new childcare package has been announced to support eligible working parents.

Working families will have access to 30hrs free childcare per week for children aged between 9 months and 4 years.

[Moore Growth Accountants @MGA_LLP]

Lifetime allowance of £1m scrapped

[HM Treasury @hmtreasury]

Reforming the pensions lifetime allowance, annual allowance and money purchase annual allowance to encourage highly-skilled workers, such as senior NHS doctors, to remain in the labour market, and help to tackle NHS waiting lists.

[HM Treasury @hmtreasury]

Increasing the tax relief for film, tv and video game industries.

This will simplify and modernise these reliefs, boosting our creative sectorIncreasing the tax relief for film, tv and video game industries.

This will simplify and modernise these reliefs, boosting our creative sector.

[HM Treasury @hmtreasury]

Full expensing will come in from 1 April, cutting tax for companies that want to invest in the UK, reducing their tax by up to 25p for every £1 they spend on plant and machineryFull expensing will come in from 1 April, cutting tax for companies that want to invest in the UK, reducing their tax by up to 25p for every £1 they spend on plant and machinery.

[HM Treasury @hmtreasury]

Today the Chancellor announced that 8 locations in England are now eligible to host a UK investment zone.

Investment zones:

✅ Grow our strengths in key industries & level up
✅ Attract new investment into communities
✅ Create jobs & drive growth

[Moore Growth Accountants @MGA_LLP]

Fuel duty to be frozen for a further 12 months

[HM Treasury @hmtreasury]

The planned increase of 11p in fuel duty this year will be cancelled & rates will be kept the same for the next 12 months.

Circumstances globally, including Putin's illegal invasion of Ukraine, have made fuel prices volatile & today's decision will support motoristsThe planned increase of 11p in fuel duty this year will be cancelled & rates will be kept the same for the next 12 months.

Circumstances globally, including Putin's illegal invasion of Ukraine, have made fuel prices volatile & today's decision will support motorists.

[Moore Growth Accountants @MGA_LLP]

Already announced this morning....
Energy Price Guarantee will remain at £2,500
#Budget2023Energy

[HM Treasury @hmtreasury]

New - the Energy Price Guarantee will remain at £2,500 a year for a typical household until the end of June.

With energy bills set to fall from July, this change will bridge the gap, easing the pressure on families.

[MK Charities @MkCharities]

This Saturday @mkfoodbank is asking for your help for the #bigdoorstepgive 🥫💚

#miltonkeynes #lovemk

[HM Treasury @hmtreasury]

The Energy Profits Levy is being increased & will be extended. We're also introducing a temporary tax on proceeds from electricity generators. 

The taxes capture the extraordinary returns oil & gas & some electricity generators have seen due to global events. #AutumnStatement

[Moore Growth Accountants @MGA_LLP]

A £13bn package of businesses rates support

[HM Treasury @hmtreasury]

Businesses are struggling with prices rising and growing uncertainty. 

This is why the government is providing a £13.6bn package of business rates support, to help businesses through these tough times. 

#AutumnStatement