by EKWilliams Team | Apr 10, 2022 | Latest, Tax
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...
by EKWilliams Team | Apr 6, 2022 | Latest, Tax
Back in 2021, Chancellor Sunak announced in his budget that income tax personal allowance and the higher rate threshold would remain frozen for four years – from 2022/23 until 2025/26. As previously announced, the Income-tax increased to £12,570 for 2021/22...
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...
