The Autumn Budget 2021 – Business Taxes
Updates include – corporation tax, super deductions, making tax digital, business rates and online sales taxes.
The Autumn Budget 2021 – Personal Taxes
The Autumn Budget was announced on Wednesday 27th October 2021. We go through the key announcements from the budget below. It includes how the budget will affect individuals and the personal taxes that they pay. For information on how the Autumn Budget 2021 will affect businesses – see Autumn Budget 2021 Business Taxes Personal Tax …
National Minimum Wage – The new rates from April 2022
From April 2022 the minimum hourly wage for individuals aged 23 and over will be £9.50. See all hourly minimum hourly rates announced.
Dividend Taxes to Increase from April 2022
Dividend taxes are to increase by 1.25% from April 2022. This will affect small business owners who trade as a Limited company.
Tax Code BR
Tax code BR is one of the most popular tax codes but very few people seem to know what it is? We explain how tax code BR affects your take home pay? Why you might have a tax code BR? And how to change tax code BR if it is incorrect? Recommended Further Reading: Tax …
Marriage Allowance – Claim your £251 Tax Free Cash
The marriage allowance for 2021/22 is £251. This is tax free cash which an estimated over 2 million couples don’t claim. Better still, you can claim back for the previous 4 tax years. As a result the total tax rebate can be as high as £1,219. This total is explained later. WARNING: Don’t use a …
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Budget 2021 – Business Taxes, New Grants and Support
Corporation tax rate rises, super deduction for qualifying assets, restart grants, new self-employment grants and extension of Furlough. The 3rd March 2021 budget for businesses was packed with many tax changes. Some good and some bad for businesses. We go through the key announcements from the budget below. It includes how the budget will affect …
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Budget 2021 – The Big Freeze on Personal Tax Allowances
The Budget 2021 and the big freeze on personal tax allowances! The UK Budget was announced on Wednesday 3rd March 2021. Many had expected tax rises to pay back the deficit caused by the pandemic. Although many tax rises were avoided, the big freeze on tax free allowances over the next 5 years will effect …
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Corporation Tax Rises by 6% – Calculate Your Increase
Corporation tax is due to rise from 19% to 25% in April 2023. Try our calculator to see how much extra corporation tax you will pay?
Furlough Scheme Extension – See the monthly changes
The Government have announced several extensions to the furlough scheme. The latest announcement was in the budget on 3rd March 2021, which extended furlough right through to the end of September 2021. The furlough scheme is also known as the job retention scheme. Furlough Scheme Extension Changes Below is a timeline showing how the Government …
Furlough Scheme Extension – See the monthly changes Read More »