Spring Statement....

**SimonMac** · 23 March 2022, 12:53

Zero Rate VAT on energy saving materials, such as solar panels or heat pumps

**jamesbrown** · 23 March 2022, 12:56

Meh.

**eek** · 23 March 2022, 13:00

Devil is always in the detail - 5p off fuel duty takes Diesel prices back to about Sunday.

**d000hg** · 23 March 2022, 13:04

Originally posted by SimonMac View Post

Zero Rate VAT on energy saving materials, such as solar panels or heat pumps

What was it before... 20% or something lower?

**jamesbrown** · 23 March 2022, 13:05

Originally posted by d000hg View Post

What was it before... 20% or something lower?

5%, I think.

**d000hg** · 23 March 2022, 13:13

Originally posted by BBC News

the Employment Allowance will increase to £5,000, claiming it is a tax cut worth up to £1,000 for half a million small businesses.

The new amount will come into place in two weeks’ time.

Any use to us lot? I would assume not!

**jamesbrown** · 23 March 2022, 13:17

Originally posted by d000hg View Post

Any use to us lot? I would assume not!

Nope, not unless you have multiple employees (I forget the threshold) - it was removed for one-person companies several years ago (after the first year, IIRC).

**d000hg** · 23 March 2022, 13:23

Originally posted by jamesbrown View Post

Nope, not unless you have multiple employees (I forget the threshold) - it was removed for one-person companies several years ago (after the first year, IIRC).

Oh yes. Well good for the B&M business I own at least. Have they rolled out IR35 reform to small businesses yet, I saw that was being talked about somewhere.

**ladymuck** · 23 March 2022, 13:27

NIC threshold raised to £12570

Spring Statement....