by James Hellyer | Nov 27, 2023 | Budget, National Insurance
Unsurprisingly, there were no changes to the rates and allowances for Income Tax purposes, VAT, Corporation Tax, Inheritance Tax and Capital Gains Tax. NIC charges for employees and the self-employed were eased and the Chancellor has bowed to lobbying by UK companies...
by James Hellyer | Nov 27, 2023 | National Insurance
You can check your National Insurance record online at GOV.UK to see: what you have paid, up to the start of the current tax year (6 April 2023); any National Insurance credits you have received; if gaps in contributions or credits mean some years do not count towards...
by James Hellyer | Nov 23, 2023 | Budget, Capital allowances, Income Tax, National Insurance, personal finance
The Chancellor of the Exchequer has delivered his Autumn Statement 2023 to Parliament. The Treasury news story ‘Chancellor backs business and rewards workers to get Britain growing’ provides a summary of the key points arising in the Autumn Statement, which includes...
by James Hellyer | Apr 24, 2023 | Corporation Tax, Income Tax, National Insurance, VAT
Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes you are liable. Understanding the taxes that your business is required to pay can help you plan and budget accordingly. There are...
by James Hellyer | Oct 12, 2022 | Changes in legislation, National Insurance
In keeping with promises made by Prime Minister Liz Truss during her leadership campaign, the Health and Social Care Levy (which was due to come into effect from April 2023) has been cancelled. The associated temporary increase of 1.25% in the rates of Class 1, Class...
by James Hellyer | Mar 23, 2022 | Income Tax, National Insurance
Caught between a rock and a hard place the Chancellor, Rishi Sunak, presented his Spring Statement which updated parliament on the current state of the economy as published by the Office for Budgetary Responsibility (OBS). It also included a number of tax and NIC...
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