The sweeping fiscal changes announced by Chancellor Rachel Reeves in her Budget will hit SMEs and business owners hard as the government seeks to plug a ‘£22bn black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the...
A Bristol-based manufacturer and supplier of safety lifting equipment has been acquired by a specialist US group as part of its continued international expansion. Tacklestore, which was launched 20 years ago and has its head office in Avonmouth, is now part of Vertical Supply Group (VSG), a leading supplier...
Bristol-based temporary generator hire firm Power Electrics has become the latest in the city to transition from privately owned to an Employee Ownership Trust (EOT). The firm, which has grown from a small yard in 1963 to operating the UK’s largest generator transport fleets, said the move marked a...
This week’s Budget ushered in a large number of tax reforms as Chancellor Rachel Reeves seeks to balance the Treasury’s books. Here experts from law firm Thrings look at some of the key changes. Inheritance Tax The inheritance tax (IHT) threshold freeze remains for a further two years to...
Hospitality businesses from Bristol will line up against the cream of the West of England’s tourist attractions next month when the region’s most prestigious awards scheme for the sector returns for another year. The Bristol, Bath, and Somerset Tourism Awards celebrate excellence in an industry that has continued to...
The CEO of Bristol-headquartered ethical finance firm Triodos Bank UK is to step down from the role next year in a move that will coincide with its 30th anniversary. Bevis Watts, pictured, joined Triodos in April 2016 as its managing director and became CEO three years later. It was...
Three Bristol deep tech spin-out businesses will be vying for investment of up to £2m at a high-profile event aimed at shaping the tech investment landscape. The innovative firms will line up against 17 other businesses at Investment Futures in London, which will also feature panel and roundtable discussions on...
Employers have been heavily impacted by this Budget. Employers’ National Insurance Contributions (NICs) will increase by 1.2% to 15% from April 2025. And the threshold at which it becomes payable has decreased from £9,100 to £5,000. That double whammy of tax rises is partly offset by the Employment Allowance increasing...
As widely expected, the Chancellor has increased the rate of Capital Gains Tax (CGT) from Budget Day itself, so any transactions occurring on or after today are affected. That means that any potential window that could have arisen, had the increase been delayed until April 2025, has been closed. ...
