by Paul Whyatt | Feb 23, 2022 | Business Advice, Personal Tax, Taxation
Personal tax rates have been held steady for a few years, so it made no difference whether you extracted funds from your company in one tax year or the next. This is no longer the case as on 6 April 2022 the tax payable on dividends and the national insurance...
by Paul Whyatt | Jan 7, 2022 | Business Advice, Business Start-up, Other Insights
To all intents and purposes, the UK left the EU on 31 December 2020. However, some changes to rules were delayed in order to ease the transition. From 1 January 2022, there are additional customs rules to be aware of for businesses trading with the bloc. What’s...
by Paul Whyatt | Jan 7, 2022 | Business Advice, Other Insights
Businesses in the hospitality and leisure sectors in England that have been impacted by Omicron are now able to access grants of up to £6,000 as a one-off support payment from their Local Authority. Grants will be awarded per premises depending on rateable...
by Paul Whyatt | Jan 7, 2022 | Personal Tax, Taxation
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers. Please read carefully for details ……The standard deadline for individuals filing a tax return is 31 January. Failure to meet this deadline usually means a £100...
by Paul Whyatt | Nov 5, 2021 | Business Advice, Personal Tax
Two areas in the public sector that need additional funding are the NHS and social care. To pay for these services, the Government is raising a new tax: the health and social care (HSC) levy. This will be charged at 1.25% of income or profits for the employed and...
