Leave your details and we'll call you back

News

Autumn Statement – no big surprises?

Victoria Bishop, Tax Partner at robinson+co, gives her view on the Autumn Statement

As expected, the Chancellor’s Autumn Statement proved to be somewhat depressing listening, especially if you are a public sector worker. The news that their pay, after a two year pay freeze, will increase no more that 1% - and this was announced only a few minutes before Mr Osborne said that benefits would increase by 5.2% next April: a huge difference between the two figures.

But one bright spark of news is that the 3p increase due on fuel prices on 1 January 2012 has been deferred until August 2012; and the additional increase due in August 2013 has been abolished.

Otherwise the statement was much as expected and with no big surprises as a lot of the content had been leaked previously.

As far as robinson+co and Cumbria are concerned there is not a lot to say. As previously explained (see Victoria’s article of 17 August 2011) Cumbria does not have an Enterprise Zone and none of the infrastructure projects announced are in Cumbria.

However worthy of note for individuals and families are:

 State pension age is to go up to 67 in 2026, affecting anyone born after 1959
 State pension to go up by £5.35 in April 2012
• Tax Credit rates have been frozen

And for businesses:

• A review of various Employment Law matters, including the Tribunal process and TUPE
 A £40billion investment in a credit easing programme to underwrite loans to small and medium sized firms
 Holiday for small business rate payers is extended to April 2013; and if you still have to pay business rates the April 2012 can be partly deferred for up to two years.
 Support for energy intensive firms
• Further Research & Development tax reliefs

There is, however, some good news: Victoria’s visits to see her relatives will be less expensive now the toll on the Humber Bridge has been halved!

If you wish to discuss any of the matters raised by the Autumn Statement please do not hesitate to contact Victoria, or any of us at robinson+co, on 01900 603623 or 01946 692423, or victoriabishop@robinsonco.co.uk.

Disclaimer:
• These notes are not a full resumé of the Autumn Statement issued on 29 November 2011
• All care has been taken in preparing this material. However no responsibility can be accepted for any losses arising to any person acting or refraining from acting as a result of this material
• Any comments are those of Victoria Bishop and do not necessarily reflect the views of robinson+co

News Archive

It's good to know that robinson+co fully understand the issues facing our industry.

Tyson H Burridge, Tyson H Burridge Ltd

After over two decades of outstanding service to my company, robinson+co continue to evolve as my own business has.

Mike Graham, G&M Supplies Ltd

When I became self employed, getting reliable personal and professional financial advice and accountancy help was so important. I have been fortunate to have had such good service from robinson+co over the last five years.

Alison Harker, Wigton

We would like to thank robinson+co for their outstanding service they provide us in dealing with our PAYE and CIS.We find that they are very professional and understanding to our needs.

Carole & Brian Atkinson, B&C Atkinson Ltd

We can't thank Christine Smith enough for all her patience and help in keeping us straight with our payroll etc., and not to forget Tracey Kennett for all our Sage help.

Modern Homes, Workington

robinson+co have acted as accountants for both me and my Limited Company for a number of years, and are without doubt the most reliable, professional and cost effective firm I have ever used.

Paul Blamire - Everhaven Data Solutions Limited

robinson+co is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

robinson+co is a trading name of robinson+co (Gosforth) Limited registered in England & Wales 08088245. Registered office Oxford Chambers, New Oxford Street, Workington CA14 2LR. Regulated by the Institute of Chartered Accountants in England & Wales for a range of investment business activities.
robinson+co Financial Services Limited is registered in England & Wales 07272147. Registered office Oxford Chambers, New Oxford Street, Workington CA14 2LR. Authorised and regulated by the Financial Conduct Authority firm number 597189.

Professional indemnity insurance

The firm's professional indemnity insurance policy is provided by Liberty who may be contacted via Bluefin Professions at Castlemead, Lower Castle Street, Bristol BS1 3AG. The policy applies to claims wherever made outside the United States or Canada, based on acts, errors or omissions occurring anywhere in the world.

robinson+co Financial Services Limited's policy is provided by Collegiate Management Services Limited and can also be contacted via Bluefin Professions.

© 2012 accountancy@robinsonco.co.uk : Web Design & CMS by Fatmedia