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DownloadOn 23 March 2021 the Government published more than 30 tax policy announcements and documents known as ‘Tax Day’. Here we take a look at the latest developments in relation to a number of personal tax areas. Capital Gains Tax (CGT) Although not a great...[more]
Making the decision to take a healthy and savvy approach to your finances should be something we can all get on board with. We recommend staying informed about the range of tax relief opportunities outlined below to help protect and maximise your savings and investments,...[more]
Following Budget 2021 on 3 March, 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 to Scotland (Land and Buildings Transaction...[more]
Here we have summarised the latest position on capital taxes following Budget 2021, including Capital Gains Tax and Inheritance Tax. Capital Gains Tax (CGT) Rates No changes to the current rates of CGT were announced at Budget 2021. This means that the rate remains at...[more]
Here we have provided a summary of the support measures announced as part of Budget 2021 to protect businesses. Coronavirus Loan Schemes In 2020, the government introduced a number of government-guaranteed coronavirus loan schemes. In December 2020 the Chancellor extended, until the end of March...[more]
Following Budget 2021 we have summarised 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 0 £184.01 - £967 12 Over £967 2 Employer ...[more]
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 CJRS allows an employer to place an employee on furlough and apply...[more]
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 37,701 -...[more]
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]