by EKWilliams Team | Apr 1, 2022 | Latest
HMRC have confirmed that the new rates for child benefits are set to increase at the start of April 2022. HMRC have announced their new Child Benefits rate, which, starting April 2022, will have risen. Child benefits are eligible for parents who are bringing up a...
by EKWilliams Team | Mar 31, 2022 | Latest, Tax
From the 1st of April, hospitality tax VAT returns to its standard rate – of 20% Since July 2020, hospitality tax was decreased to 12.5% to recover from the impact of the Covid-19 pandemic. This gave businesses the chance to become financially stable after the...
by EKWilliams Team | Mar 30, 2022 | Latest, Tax
The budget laid out by Chancellor Sunak offers small businesses the chance to reduce their energy bills and receive financial support. Regarding business tax, here is the allocation for the Spring Budget on business tax: Making Tax Digital (MTD): April 2022 will see...
by EKWilliams Team | Mar 26, 2022 | Latest, Tax
Capital tax is a tax levied on a corporation based on assets rather than income. In2021, CGT generated £10.6 bn. This figure is rising as property and investment prices climb. Therefore, the Chancellor froze most CGT reliefs. Keep informed of changes. The following...
by EKWilliams Team | Mar 25, 2022 | Latest, Tax
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...
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...
