denise, Author at RMT Accountants and Business Advisors Newcastle

August 19, 2025

Measures announced

Although the Spring Statement is not intended to be a major fiscal event like the Budget, the Chancellor did announce some new measures. These included: Apprenticeship Levy, Local Full Fibre Networks, Borderlands Growth Deal and National Living Wage.

August 17, 2023

Charging an electric company car: what you need to know

With the important focus on achieving Net Zero goals and targeting personal emissions, more and more company cars seem to be following the electric car trend. This also comes with the added benefit of avoiding the extra costs associated with volatile fuel prices. Whilst having an electric company car can be a great perk for

July 19, 2023

Industrial strategy required to ‘focus on innovation’, says IoD

The Institute of Directors (IoD) has urged the government to create an industrial strategy to help ‘define specific long-term priorities for the UK economy’. In its latest survey, an overwhelming majority of IoD members (88%) favoured the development of a meaningful industrial strategy aimed at defining specific long-term priorities for the UK economy. Less than

July 19, 2023

Post-Brexit trade plan must be replaced, says think tank

The Resolution Foundation think tank has called for the government to replace the initial post-Brexit trade plan with a ‘far more ambitious’ strategy to help protect Britain’s manufacturing firms and seek new markets for UK services firms. A report published by the Foundation found that the UK’s initial post-Brexit trade plan to secure Free Trade

July 19, 2023

UK inflation stays at 8.7%

The UK’s rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown. Inflation was expected to fall in May but remained at 8.7% – the same rate as was recorded in April. The rate of 8.7% is higher than economists had expected, and many now anticipate

July 19, 2023

MTD expected to cost £1 billion more than originally forecast

A report published by the National Audit Office (NAO) has found that HMRC’s Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than its initial £226 million budget, which was forecast in 2016. MTD is intended to modernise the tax system for income tax self assessment, VAT and corporation tax. It

July 19, 2023

HMRC close self assessment helpline for three months

A trial to redirect Self Assessment queries from the helpline to HMRC’s digital services will run between 12 June and 4 September 2023. HM Revenue and Customs (HMRC) will pilot a new seasonal model for the Self Assessment (SA) helpline, to prioritise helping those with urgent queries. For 3 months from 12 June 2023, HMRC will

July 19, 2023

HMRC extends deadline for voluntary NICs

Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension – an extension of nearly 2 years – the government announced. Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying

June 14, 2023

Reaching the right valuation for your company

By Michael Cantwell, Head of Corporate Finance It’s been widely acknowledged that, in the aftermath of the covid pandemic, the attitude of a significant proportion of business owners has changed towards the timing of the exits that they want to make from them. While many would have previously been happy to continue running their businesses