by EKWilliams Team | Mar 24, 2022 | Latest, Tax
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...
by EKWilliams Team | Mar 18, 2022 | Latest, Tax
HMRC is warning customers to keep their eyes peeled as scammers are targeting Self Assessment customers to try and steal money or personal information. Within the last year, HMRC reported more than 570,000 scams. During this time of year, Self Assessment customers...
by EKWilliams Team | Mar 17, 2022 | Latest
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...
by EKWilliams Team | Mar 15, 2022 | Latest
The loans programme will broaden the financial support available to companies, ensuring they can access funding at all stages of innovation. Some of the UK’s innovative companies will benefit from a new scheme that offers up to £150 million to support the...
by EKWilliams Team | Mar 14, 2022 | Latest, Tax
From April 2022, all VAT registered businesses must sign up, whatever they earn. Before the government brought in this extension, only companies whose turnover was more than £85,000 had to sign up for MTD. With less than a month left until the extension of MTD for...
by EKWilliams Team | Mar 13, 2022 | Latest, Tax
The end of the tax year is approaching fast, firms and accountants are advised to consider if there are any actions to be done before the end of the year to optimise their tax position. Many tax reliefs and allowances are available, creating the financial future you...
