Making Tax Digital
All VAT registered businesses now need to be filing VAT returns each quarter under Making Tax Digital. This will mean you need to have an...
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That time of year again...
It's that time of year again, if you have yet to complete your 2020/21 personal tax return you need to get moving. The deadline for...
Tax & NI changes
- From April 2022, National Insurance contributions will increase by 1.25% for employees, employers and the self-employed on earnings...
Minimum Wage
The Minimum Wage & National Living Wage have increased, from 1st April 2021. The National Living Wage now applies to workers age 23 &...
Corporation tax
Corporation Tax is set to increase to 25%, in April 2023. The rate will remain at 19% for businesses with a profit of less than £50,000....
Tax thresholds frozen
The government will not increase income tax, national insurance, or VAT, but will freeze personal tax thresholds. The personal allowance...
Mortgage guarantee
A mortgage guarantee has been introduced to help first time buyers achieve 95% mortgages.
Stamp duty
The stamp duty holiday has been extended to the end of June. It will be kept at double it’s standard level until September and return to...
Reduced VAT rate
The 5% VAT rate will be extended until the end of September. The rate will gradually be increased, with a 12.5% VAT rate for six months,...
Rates reductions
Hospitality and leisure businesses will pay no business rates for the first three months of this financial year, with a discount for the...
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