Autumn Budget 2021 – Other Matters Tonnage Tax The UK’s tonnage tax regime will be reformed from April 2022 to help the UK shipping industry grow and compete in the global market. The reform is intended to make it easier for shipping companies to move to the UK, ensure they are not disadvantaged compared with ... Read More
This is a message from HMRC’s help and support email service Actions for you – final Job Retention Scheme claims Dear customer, I’m writing to you with the latest information about the closure of the Coronavirus Job Retention Scheme (CJRS) and the Statutory Sick Pay (SSP) Rebate scheme. 1. The Coronavirus Job Retention Scheme 2. Reporting ... Read More
Government delays MTD for income tax and basis period reform Making Tax Digital for Income Tax Self-Assessment Following vocal representation from various professional bodies, the government has agreed to delay crucial reforms to the tax system. What’s the full story? Income Tax Self-Assessment On 23 September 2021 the secondary legislation for implementing Making Tax Digital ... Read More
How will the new 12.5% VAT rate affect businesses? On 1 October 2021 a new VAT rate of 12.5% will be introduced for most sales made by a hospitality business. How will businesses need to deal with the rate change in their purchase records and what savings can be made using the tax point rules? ... Read More
NI rates hiked – how much more will workers pay? MONTHLY FOCUS: NI RATES HIKED – how much more will workers pay? Earlier today (7 September) Boris Johnson announced that NI and dividend tax rates will be hiked to help fund social care, pay for coronavirus support measures and clear the NHS backlog. Who will ... Read More
MONTHLY FOCUS: PROVIDING TAX-FREE BENEFITS TO EMPLOYEES (PART 1) Tax-Free Benefits – 31.08.2021 Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient way. Which benefits qualify for tax-free treatment? Making tax-free benefits available to employees Can an employer provide employees with tax and NI-free benefits? Although ... Read More
Dunham News Window Go directly to the News Window Window of News More than 2 Million news articles are published every day online… Now 2,000,001 The task of filtering out the big news articles, or important news for you is no easy task. Constantly Updated News We have updated the way we compile our news ... Read More
Budget 2021 Review- Introduction The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’. Main Budget proposals Tax measures include: a super-deduction for companies investing in new plant ... Read More
Table of contents on this page Coronavirus loan schemes Restart Grants Self-Employment Income Support Scheme (SEISS) Business rates Rates review Reduced VAT rate for hospitality sector Corporation tax rates Tax losses Super-deduction First year allowances for business cars from April 2021 Freeports Customs benefits Tax benefits Research and Development (R&D) tax relief Budget 2021 Review ... Read More
Table of contents on this page The Coronavirus Job Retention Scheme (JRS) Further extension of JRS Apprenticeships and traineeships High quality traineeships for young people Payments for employers who hire new apprentices Supporting apprenticeships across different employers National Living Wage (NLW) and National Minimum Wage (NMW) Enterprise Management Incentives (EMI) scheme Van benefit charge nil-rating ... Read More
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