Business News - October
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
CBI Forecast
 |
A CBI forecast has predicted a ‘shallow recession’ during the final part of 2008 and that growth in the economy in 2009 will be the lowest since 1992. |
Temporary Exemption on Stamp Duty Land Tax
 |
In a move to help the property market and first time buyers, Alistair Darling has introduced a Stamp Duty Land Tax (SDLT) exemption or holiday for purchases of residential property from 3 September 2008 to 2 September 2009 (inclusive). The exemption effectively raises the current nil rate band of £125,000 (£150,000 in disadvantaged areas) to £175,000 for the period of one year only. |
Fake HMRC Emails
 |
HMRC are warning taxpayers that they are aware of a high number of emails being sent out offering a tax rebate. The warning confirms that HMRC do not email taxpayers advising them of tax rebates or invite them to complete an online form to receive a rebate. |
NMW Rates to Rise
 |
National Minimum Wage (NMW) rates are set to rise from 1 October 2008. |
Accountants’ Podcast Highlights Ways to Beat Credit Crunch
 |
Lincolnshire-based accountants Moore Thompson have launched a new podcast to highlight practical steps that businesses can take to weather the storms of the economic downturn. |
Accountants Hold Free Seminars On Tax Changes
 |
Lincolnshire-based accountants Moore Thompson are to hold a series of free seminars to highlight and explore changes to a key business tax regime. |
