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Measures to assist with Covid-19
Posted on 15th Apr 2020Below 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. Self-Employment Income Support Scheme (SEISS) The fourth grant will be available from late April 2021. Claims...[more]
IR35: Changes to the Off-Payroll Rules
Posted on 6th Apr 2021Changes to the rules relating to off-payroll workers (commonly known as IR35) have now come into effect. Applying to off-payroll workers who provide personal services to clients in the private sector through an ‘intermediary’, the changes revolve around tax and employment status, and who makes...[more]
2021/22 UK Tax Rates and Allowances
Posted on 2nd Apr 2021It is important to be aware of the tax rates and allowances that form part of the 2021/22 UK tax year, so we have put together a quick guide to assist you with this. For a calendar of key dates and upcoming deadlines, please check...[more]
Tax Day 2021: Capital Gains Tax…
Posted on 25th Mar 2021On 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]
Getting Ready for the New Tax…
Posted on 22nd Mar 2021Making 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]
Budget 2021: Other Matters
Posted on 5th Mar 2021Following 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]
Budget 2021: Capital Taxes
Posted on 5th Mar 2021Here 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]
Budget 2021: Support for Businesses
Posted on 5th Mar 2021Here 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]
Budget 2021: National Insurance and Minimum…
Posted on 5th Mar 2021Following 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]
Budget 2021: Employment
Posted on 5th Mar 2021On 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]
Budget 2021: Income Tax and Personal…
Posted on 5th Mar 2021On 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]