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)...
top of page
Search
- 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 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 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 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 16, 2021
Taxpayers urged to check eligibility for the marriage allowance.
HMRC has reminded married couples and those in civil partnerships that they could reduce their income tax liability by up to £252 a year...
- Aug 16, 2021
Super-deduction extension will benefit property landlords
First announced in March 2021 and set to run from 1 April 2021 for two years, the super-deduction allows any investments a business makes...
- Aug 6, 2021
Government announces simplified tax reporting for self-employed and small businesses
Reforms to the tax system aim to make it easier for self-employed workers and small businesses to fill out their returns have been...
- Jul 23, 2021
SEISS fifth grant: Personal claim dates
The claims service for the fifth SEISS grant will open from late July. The grant covers lost or reduced earnings from May to September...
- Jul 6, 2021
LITRG releases guidance on how SEISS is taxed
The Low Income Tax Reform Group ("LITRG") is warning people who have claimed Self-Employment Income Support Scheme ("SEISS") grants that...
- Jun 28, 2021
Stamp duty holiday begins tapering off
The temporary holiday for stamp duty land tax is set to start tapering off from 30 June 2021 as the UK continues its gradual closing of...
- Jun 15, 2021
OTS explores moving the end of the tax year
The Office for Tax Simplification ("OTS") is to explore changing the end of the tax year from 5 April to either 31 March or 31 December....
- Apr 21, 2021
Working from home allowance
Employed workers can now claim the government's working from home allowance for the 2021/22 tax year. This gives workers a £6 per week...
- Apr 2, 2021
IR35 changes: What the new rules mean from April 2021
The private sector reform was due to take place in April 2020, but was delayed because of the Covid-19 pandemic. Key points IR35 refers...
- Mar 17, 2021
How to claim the 4th SEISS grant
The Chancellor unveiled more details about the fourth self employed grant during the budget on 3 March. Key Points The Chancellor...
- Mar 12, 2021
Capital Allowance super-deduction: an attractive measure but time to start planning now
The government’s new capital allowance ‘super-deduction’ hopes to boost business investment and productivity, but good planning and...
bottom of page