ADPL LLP

We’re proud to announce that we’re working with neoeco, the cutting-edge sustainability accounting software that transforms ESG reporting from a regulatory requirement into a strategic advantage. neoeco’s state-of-the-art software delivers fully automated end-to-end ESG reporting - enabling sustainable progress for people, profit, and planet We’re excited to begin our journey to sustainability and effortless ESG reporting ➡ neo.eco Send me a message if you would like to hear more! #esg #sustainability

Most Unfair Tax on Retailers! Only one of a kind in the UK only! In the UK, there has been so many studies made and huge amounts of money spent on ideas to keep the High Street Alive, still not succeeded. Business Rates is the most unfair Tax in the UK, one of the reasons, some shops/retailers/businesses in the 'High Street' are not able to stay open/ survive! It is time to get this Unfair Tax Abolished/Reduced to a reasonable amount to the retailers. #businessrates

40% of Dirty Money Laundering done in London and Crown Dependencies--According to this report Netflix has a great Documentary about Money laundering in the Crown Dependencies called The Spider's Web-Britain's Second Empire

Budget Summary Thanking Certified Public Accountants Association Today the Chancellor unveiled his budget and some of the key points are below..  Economy  The Chancellor highlighted the low unemployment rate. Noting that interest rates were still high as the Bank of England tackles inflation. Inflation stands at 4% and the OBR forecasts show that inflation will continue to fall.     National debt is falling and the UK has the second lowest debt in the G7. OBR forecasts show that growth will be 0.8% this year.  Income Tax and National Insurance  There had leaks concerning a cut to National Insurance, which were confirmed, with the Chancellor announcing a 2p cut to National Insurance (this tax will now stand at 8%). Self employed National Insurance to be be reduced from 8% to 6%.  The Chancellor announced his intention to continue to cut National Insurance.   Rumours had suggested that income tax would not be cut due to the high cost, and these proved true.  VAT Registration Threshold  VAT registration threshold to increase from £85,000, to £90,000 from 01 April 2024. THIS IS REALLY DISAPPOINTING! Child Benefit  High income child benefit charge to be moved to be based on household income from April 2026. Though from April 2024 the charge will start at £60,000, with the full taper only taking effect at £90,000.  Non-Dom Tax Status New system to be introduced based on residency, with the current system to be abolished and a residency based system to be introduced; after four years people will be subject to the same tax requirements as residents.  Alcohol Duty  Duty freeze extended to February 2025.  Fuel Duty Duty freeze and 5-p cut extended for another 12-months.  Investments  Full expensing to apply to leased assets, this will be introduced in specific legislation at a later date.    ISAs New British ISA, to allow an additional £5,000 allowance for investment in British equities.  Vaping Duty An excise duty will be introduced on vaping products, with a consultation to be announced.  Air Passenger Duty  None economy tickets to see an increase to air passenger duty.  Furnished Holiday Lets  The furnished holiday lets relief to be scrapped.  Multiple Dwellings Relief  Multiple dwellings relief to be scraped.  Capital Gains Tax Higher rate of property CGT to be reduced from 28% to 24%.  Oil and Gas  Energy Profits Levy to be extended to 2029. THESE ARE TEH QUICK NOTES. WE SHOULD HAVE A FULL REPORT TOMORROW. #budget2024 ADPL LLP

Wishing you a wonderful holiday season #merrychristmas #seasonsgreetings #happynewyear