Trivial benefits for directors and family
Your company can purchase occasional unsolicited gifts for your family and you with no tax implications
Changing NIC in July
The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022.
Spring Statement 2022
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices...
Be prepared for big National Insurance hike in April
Experts are warning businesses and employees to brace themselves for a major rise in National Insurance payments in April. Prime Minister Boris Johnson and Chancellor Rishi Sunak have confirmed that the plans will see employees, employers and the self-employed pay...
Basis period reform – how HMRC’s latest income tax proposals may have a disproportionate impact on farmers
In April last year, the Government announced plans to overhaul the way trading income is taxed. If enshrined into law – and that is looking to be highly likely – the Basis Period Reform will affect organisations or individuals with a trading income that is subject to...