Welsh government delivers Budget

On 20 December 2021, the Welsh government outlined a Budget to ‘build a stronger, fairer and greener Wales‘.

The Welsh government unveiled a £116 million package of funding to aid with the economic recovery from the COVID-19 pandemic. This will be combined with existing permanent relief schemes that see over 85,000 properties continue to receive support. The scheme will be capped at £110,000 per business.

Many firms had been receiving 100% off their rates, which helps to pay for services provided by local government, but previous COVID-19 business rate schemes have come to an end.

A further £35 million has been set aside to freeze the non-domestic rates multiplier for 2022/23, so there will be no increase in the amount of rates businesses are paying.

Meanwhile, an additional £1.3 billion in funding will be supplied to the NHS in Wales to help provide effective, high quality and sustainable healthcare following the COVID-19 pandemic.

The Budget also tackles inequality and invests in future generations through an additional £320 million to continue a long-term programme of learning and education reform.

Welsh government Finance Minister, Rebecca Evans, said:

‘The UK government’s Spending Review did not deliver for Wales and this Budget is delivered in that context. While there are tough choices ahead, we have been able to provide funding that will allow Wales to rise to the challenges we face, grounded in the distinctively Welsh values of environmental, social and economic justice.’

Internet link: GOV.WALES

a beautiful light up building

Murphy Thompson Moore LLP

Why choose us?

25yr innovative years of successful business leadership

MTM are specialist, small business accountants, with an office on King Street in Manchester, known for their leadership in electronic filing, and who are trusted by many long-term clients as their key financial advisors.

Specialist advisors to Owner/Managed Businesses

MTM provide services exclusively to owner/managed businesses. Our typical clients employ from 5 to 25 people, are likely to be in the service sector.

At your side throughout the year. Not just year-end.

We meet with you regularly (usually via video call) to explain the work we have done, go through the reports and deal with any matters of current concern in the business. These calls can be 1 to 1 or with members of your team.

No billing suprises and an afordable, monthly fee.

Your engagement with us is based on a single fee to cover all your requirements throughout the year for both the business and your personal tax affairs. We operate a “no surprises” policy that you can rely on.

Contact us for information
about how we can tailor our services to your objectives.

   0161 835 2080

   enquiries@mtmllp.co.uk

   Murphy Thompson Moore LLP
      3rd Floor, 82 King Street, Manchester
      M2 4WQ

*We (Murphy Thompson Moore Ltd) would like to contact you by post with relevant service updates and occassionally, exclusive offers for Clients. We won’t send these often and you can request that we don’t send updates or offers at any time. If you’d like to opt-out of these updates, please let us know within your message. We would also like to contact you by phone and email to respond to your message in order to provide the best service for you (which may include communicating particular offers available at the time). By giving us your details below, you agree you’re happy to receive these messages. We’ll look after your information. Your details will only be used as described in our privacy policy.