Spring Statement 2022
The Chancellor, Rishi Sunak, delivered his 2022 Spring Statement on 23rd March, reducing fuel duty and making some concessions on taxes. Read more and download our FREE Guide here.
The Chancellor, Rishi Sunak, delivered his 2022 Spring Statement on 23rd March, reducing fuel duty and making some concessions on taxes. Read more and download our FREE Guide here.
In a clear breaking of a manifesto pledge, Boris Johnson has announced a 1.25% tax levy, to be applied through National Insurance (NI) contributions and dividend taxation, to help plug a funding gap in NHS and social care spending. But what does this mean for you? How much extra will I pay? As an employee, […]
The Treasury has announced that Chancellor Phillip Hammond is going back on a promise made by his predecessor, George Osborne, to scrap Class 2 NI Contributions. The abolition which was originally planned to come into effect this year, had already been put on ice by the Chancellor citing concerns that it would actually increase the […]
Amid much talk of further tax rises in the pipeline, to help offset the impact of Brexit and to support the Governments planned spending increase on the NHS, HMRC has announced that it had a record tax take in the 17/18 tax year. The total take of just over £605 billion is up 5.4% on […]
As the last Spring Budget to be held, the Chancellor unsurprisingly made it a short one. Unfortunately, of the little that was discussed, small businesses seem to have been affected the most – so it’s time to pay attention. National Insurance Rates Most notable was the increase in national insurance contributions by self-employed and […]