by Paul Whyatt | Feb 23, 2022 | Business Advice, Business Tax, Taxation
The Statutory Sick Pay Rebate Scheme will close on 17 March 2022. Employers have until 24 March 2022 to submit any new claims for absence periods up to 17 March 2022, or to amend claims they have already submitted. Employers will no longer be...
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 | 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...
by Paul Whyatt | Nov 5, 2021 | Business Advice, News, Personal Tax
Many employed and self- employed people claim Universal Credit as they have low or unpredictable levels of income. It provides a much-needed top-up to their earnings but the benefit is reduced as the worker earns more due to the Universal Credit taper rate. Currently...
