Budget confirms one-year delay to basis period reform
A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...
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Oct 28, 2021
Autumn Budget and Spending Review
Rishi Sunak delivered his third budget as chancellor to the Commons on Wednesday 27 October 2021 where he announced a series of measures...
Oct 24, 2021
Autumn Budget 2021 - Early indications, announcements and more.
Rishi Sunak will deliver his budget and spending review to the Commons this Wednesday and the Chancellor has already announced a series...
Oct 19, 2021
Budget 2021 predictions
The Chancellor, Rishi Sunak, will reveal his Budget and Autumn spending review to the Commons on 27 October 2021, The government spending...
Oct 10, 2021
Salary sacrifice 'may mitigate the NICs rise'
Salary sacrifice arrangements could help lessen employees’ additional tax bills from the rise in National Insurance contributions (NICs)...
Oct 5, 2021
What will be in the upcoming Autumn budget for small businesses?
The second Budget in 2021 will be announced alongside a spending review on 27 October 2021. With the UK still recovering, what could be...
Sep 30, 2021
Chancellor announces extension of Kickstart Scheme
Businesses have been given an extra three months to take on young employees through the government funded Kickstart Scheme after Rishi...
Sep 26, 2021
Businesses get more time to prepare for digital tax changes.
The Government has delayed the introduction of Making Tax Digital for Income Tax self-assessment (MTD for ITSA) to 6 April 2024 to give...
Sep 23, 2021
Shareholders and directors hit by dividend tax rate rise
The government plans to increase dividend tax by 1.25 percentage points, which means investors will have to pay more on the money they...
Sep 21, 2021
NIC increase: What it means for small businesses
If you're an employer, the rate changes could make the process of hiring staff more expensive. Looking ahead, you will likely need to cut...
Sep 19, 2021
COVID Sick pay rebate scheme set to close.
The government scheme enabling small businesses to recoup statutory sick pay costs due to coronavirus were closed at the end of the...
Sep 16, 2021
COVID-19 response: Autumn and Winter plan
The Prime Minister this week held a briefing to set out the government's plan to manage COVID throughout Autumn and Winter. As part of...
Sep 13, 2021
State pension 'triple lock' to be suspended for a year.
The triple lock on the state pension will be temporarily suspended next year due to an anticipated “unusual change in earnings” of 8%,...
Sep 8, 2021
PM announces 1.25% National Insurance hike
National Insurance contributions will rise by 1.25% to pay for the social care system in England, with the levy expected to raise about...
Sep 2, 2021
Taxpayers saved £30 million inheritance tax bill by gifting
The most recent figures show that taxpayers saved £30 million in inheritance tax (IHT) through gifting last year with many taking...
Aug 31, 2021
Extended loss carry back for businesses
The trading loss carry-back rules have been temporarily extended for both income tax and corporation tax purposes to support businesses...
Aug 31, 2021
Changes to late payment penalty regime for taxpayers
HMRC has clarified changes to the late payment penalty scheme which will start to come into force from April 2022. There are two late...
Aug 26, 2021
Government considering a National Insurance rise to fund social care
The Government could increase National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed. The...
Aug 25, 2021
Businesses support changing the tax year date
A poll has found that 91% of medium sized firms support simplifying the tax system by changing the end of the tax year to 31 December....
Aug 18, 2021
UK must improve export support scheme for SME's
The Federation of Small Businesses (FSB) has laid out a five-point plan to help the Government create a better export support scheme for...
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