Employment Tax: The Spring Budget 2022

Employment Tax: The Spring Budget 2022

With the national living wage rising by 6.6%, you should be aware of other aspects of employment tax. These changes may affect your business, so we urge you to inform yourself of the new April 2022 employment changes. The following sections highlight the Employment...
Personal Tax: The Spring Budget 2022.

Personal Tax: The Spring Budget 2022.

On the 23rd of March 2022, Chancellor Sunak announced the tax rates and bands for the next tax year (2022/23). These include an income tax cut by 1p for most taxpayers. However, this will not be taking place until 2024.  The following sections highlight the Personal...
Salary exchange from April 2022

Salary exchange from April 2022

From April, national insurance payments will increase as part of the government’s plan to aid the economy post-Covid 19.  The Salary exchange (Or salary sacrifice) scheme is an agreement to reduce an employee’s entitlement to cash pay in return for a...