Have you double-checked your tax code?

Have you double-checked your tax code?

Money-saving expert and journalist Martin Lewis has warned the British public that they should check their tax code is correct or risk losing a significant amount of money. Due to the rise of NIC, employers are seeing an increase in the amount of what they pay in...
20% VAT Hospitality Tax increase

20% VAT Hospitality Tax increase

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...
Business Tax: The Spring Budget 2022

Business Tax: The Spring Budget 2022

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...
Capital Taxes: The Spring Budget 2022

Capital Taxes: The Spring Budget 2022

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...