Measures to assist with Covid-19

Posted on 15th Apr 2020

Below we have summarised the latest position on a number of financial measures to assist businesses and individuals with Covid-19. Should you wish to discuss further, please contact us by telephone 020 7447 9000 or email mail@sgllp.co.uk (last updated 24 February 2021) Local Restrictions Support...[more]

Budget 2021: Other matters

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have summarised the latest position on a range of matters from new SDLT rates to alcohol, fuel and tobacco duties. Land and Buildings Transaction Taxes Land and buildings transaction taxes are devolved...[more]

Budget 2021: Capital Taxes

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have summarised the latest position on capital taxes including Capital Gains Tax and Inheritance Tax. Capital Gains Tax (CGT) Rates No changes to the current rates of CGT were announced at Budget...[more]

Budget 2021: Support for businesses

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have provided a summary of the support measures announced to protect businesses. Coronavirus Loan Schemes In 2020, the government introduced a number of government-guaranteed coronavirus loan schemes. In December 2020 the Chancellor...[more]

Budget 2021: National Insurance and Minimum Wage

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have provided a summary of the National Insurance and Minimum Wage rates for 2021/22. National Insurance - 2021/22 Class 1 (employed) rates Employee   Earnings per week %   Up to £184...[more]

Budget 2021: Employment

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have provided a summary of the measures that were announced relating to employment. Coronavirus Job Retention Scheme (CJRS) The current JRS allows an employer to place an employee on furlough and apply...[more]

Budget 2021: Income Tax and Personal Savings

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the 2021 Budget. Here we have provided a summary of the Income Tax rates and allowances that were announced. Income Tax Rates and Bands   2021/22   Band £   Rate %   0 - 37,700   20...[more]

Budget 2021: Personal Tax

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the 2021 Budget following a prolonged period of economic hardship caused by the Covid-19 pandemic. Here we have provided a summary of the latest measures relating to personal tax. Universal Credit Universal Credit is a single payment that...[more]

5 ways to protect your business premises from flooding

Posted on 27th Jan 2021

Covid-19 and its associated lockdowns have put many companies under increasing pressure. Unfortunately, however, the usual threats to businesses before the pandemic have not gone away – and flooding remains a major problem. In such difficult circumstances, businesses now need to be more vigilant than...[more]

Self Assessment tax return deadline approaching

Posted on 13th Jan 2021

HMRC has so far resisted calls to extend the forthcoming Self Assessment tax return deadline on 31 January and an easing of the late filing penalties also appears highly unlikely at this stage. Despite this there are options available to those facing difficulties, particularly late...[more]

Trust Registration Service: A reminder

Posted on 14th Dec 2020

In place since 2017, the Trust Registration Service (TRS) requires any trust which has a tax liability to be registered with HMRC. When the system was first introduced, trustees were only required to initially register trusts. However, HMRC updated their reporting process in September 2020,...[more]

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