London Registrars

It came ahead of the start of the new UK tax year on 6 April – and there is no question that the present burden on businesses is substantial, as taxpayers start paying for the Government’s costs incurred in its response to the COVID-19 pandemic. What measures has the Government set out in support of UK firms? In its Business Support Factsheet, the Government said that it would “always stand behind businesses in the UK, which is why we’ve announced further measures at Spring Statement to support them in the uncertain months ahead.” The Government added that as part of its efforts to bolster UK-wide growth and productivity, it had also outlined “plans to incentivise firms to train more, invest more, and innovate more through cuts to tax”. To the end of achieving the above goals, the Government laid out the following Spring Statement measures that it said would be of benefit to businesses in the UK: A 12-month cut in fuel duty on petrol and diesel, by 5p a litre , ...

  The situation over the last few weeks concerning the Russian attack on Ukraine has been an exceedingly fast-moving one, and there has been much turbulence and unpredictability arising from the crisis for businesses in the UK, too. Indeed, it is only now – several weeks after the beginning of the major escalation of the broader Russo-Ukrainian conflict that has been ongoing since 2014 – that we can begin to get a serious sense of what the military invasion could mean for British businesses in months and years to come. A conflict that has exacerbated previous inflation and supply-chain worries Even prior to the commencement of what Russia has termed a “special military operation” rather than an invasion or war, businesses in the UK and around the world were struggling under the weight of hefty inflation and considerable supply-chain disruption. In the early stages of the conflict, experts were quick to warn that the crisis would amplify the already-adverse hit delivered to ...