For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer. Note…
For every £2 that your adjusted net income exceeds £100,000 the £12,500 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income…
CORPORATION TAX RATES TO INCREASE TO 25% BUT NOT FOR ALL COMPANIES The UK corporation tax rate is currently one of the lowest rates of the G20 countries and the…
NO CHANGES TO INCOME TAX RATES AND PERSONAL ALLOWANCE FROZEN The basic rate of income tax and higher rate remain at 20% and 40% respectively, and the 45% additional rate…
CJRS FURLOUGH SCHEME EXTENDED TO 30 SEPTEMBER The current version of the furlough scheme that started on 1 November 2020 was scheduled to end on 30 April 2020. In order…
CHANCELLOR “LEVELS UP” WITH US ON TAX. In the Chancellor’s second real Budget on 3 March 2021, he announced that he had to level with people about the state of…
Where large or medium-sized organisations are paying workers via personal service companies (PSC) or agencies they will need to operate new procedures from 6 April 2021.The new rules will apply…
As Jeff Bezos steps down as CEO of Amazon, his legacy continues to inspire business leaders across the world. Jeff Bezos started Amazon as a loss making online book store…
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