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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...

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 non-cash benefit....

Year-end tax planning

Year-end tax planning

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...

Forms P11D – Submission deadline is approaching

Forms P11D – Submission deadline is approaching

Reminding you that P11D forms must be filed by 6th July 2022 and that we are here to help. We’ve put together a helpful guide on P11D’s, to help you understand what you need to include, when you need to file, and – most importantly– what happens if you don’t fulfill...