Autumn 2024 Budget
Capital Gains Tax 1. Rate Increases: 2. Business Asset Disposal Relief (BADR) Changes: 3. Investors’ Relief: 4. Other CGT…
News
2024 Spring Budget
Main rate of National Insurance cut by 2p From 06 April 2024 the main rate of National Insurance for employees will…
Chancellor’s Autumn Statement
Income tax bands frozen until April 2028 Income tax rates and personal allowances will remain at the same level…
Mini-Budget 2022
National Insurance U-Turn In April 2022 Class 1 National Insurance (NI) contributions increased by 1.25p in the pound, this has now been reversed…
General Tools & Calculators
Here are some general tools and calculators directly linked to HMRC. Please use them for any common questions you have
Income Tax & National Insurance Threshold
In the Spring Statement earlier this year, the then Chancellor, Rishi Sunak, announced an NIC tax-cut to take effect from 6 July 2022. This change sees the National Insurance threshold increased from £9,880 to £12,570.
Tax on Dividends
What is a dividend? Generally speaking, dividends are paid to anyone who holds shares in a company. They are paid out of the reserves left in the company once the tax has been removed from the profit.
Tax when you get a pension
There are multiple ways in which you can withdraw a pension. Some are more tax efficient than others and some may suit your personal needs more than others.
130% Super Deduction allowance
The super deduction was introduced on 01 April 2021 and will be available to all companies up to 31 March 2023. This is to support businesses during the Coronavirus pandemic. Normally the purchase of new equipment would fall under the writing down allowance of 18% per year.