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. Self-Employment Income Support Scheme (SEISS) Online applications for the fourth self-employment grant are now open. Claims...[more]

Time to Pay: Could this impact…

Posted on 6th May 2021

Many businesses will have entered into a Time to Pay Arrangement for their corporation tax as a result of the pandemic. At some point though, historic tax payments will overlap with new taxation liabilities. This may create further cashflow pressure, particularly at a time when...[more]

IR35: Changes to the Off-Payroll Rules

Posted on 6th Apr 2021

Changes 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 2021

It 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 2021

On 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 2021

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]

Budget 2021: Other Matters

Posted on 5th Mar 2021

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]

Budget 2021: Capital Taxes

Posted on 5th Mar 2021

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]

Budget 2021: Support for Businesses

Posted on 5th Mar 2021

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]

Budget 2021: National Insurance and Minimum…

Posted on 5th Mar 2021

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]

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 CJRS allows an employer to place an employee on furlough and apply...[more]

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