Latest News

Latest news from HMRC: Government support for businesses affected by Omicron

The government has announced additional economic support to help businesses most affected by the Omicron variant of coronavirus: businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises, and more than £100 million discretionary funding will be made available for local authorities to support … Continue reading Latest news from HMRC: Government support for businesses affected by Omicron →

Posted on : 24th December, 2021

Recovery Loan Scheme opens for businesses to raise finance

Applications are now open for the £75bn Recovery Loan Scheme (RLS), the government’s latest covid-19 support programme, which provides financial support to businesses across the UK as they recover following the coronavirus pandemic The scheme opened for applications on 6 April 2021 and is available to businesses affected by the pandemic, including those who have … Continue reading Recovery Loan Scheme opens for businesses to raise finance →

Posted on : 10th April, 2021

Budget 2021: income tax thresholds frozen for five years & corporation tax to increase to 25%

The income tax personal allowance and higher rate threshold will be uprated in line with CPI as planned in April 2021, then maintained at that level until April 2026. This decision will not reduce take-home pay and the highest income households will continue to contribute more. This will take effect in April 2022. This will … Continue reading Budget 2021: income tax thresholds frozen for five years & corporation tax to increase to 25% →

Posted on : 31st March, 2021

Self-assessment ‘time to pay’ threshold raised to £30,000

HMRC has made it easier for self-assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications, as part of efforts to ease financial stresses cause by the pandemic From 1 October, the limit for time to pay, the online payment plan service used … Continue reading Self-assessment ‘time to pay’ threshold raised to £30,000 →

Posted on : 7th October, 2020

Summer Mini Budget update: Chancellor Rishi Sunak offers job funding, VAT cuts, Eat out discounts & Stamp duty cuts

Just four months after his first Budget, Chancellor Rishi Sunak has unveiled a summer economic update designed to mitigate the impact of the Covid-19 pandemic, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending. Sunak said the aim was to ‘give everyone the opportunity of good … Continue reading Summer Mini Budget update: Chancellor Rishi Sunak offers job funding, VAT cuts, Eat out discounts & Stamp duty cuts →

Posted on : 9th July, 2020

Covid-19: furlough and self-employment support schemes amended

Chancellor Rishi Sunak has announced changes to the government’s coronavirus support schemes, including part time working and a tapered employers’ contribution, and a second grant payment for the self-employed. From 1 July, under the Coronavirus Job Retention Scheme, businesses will be given the flexibility to bring furloughed employees back part time, a month earlier than … Continue reading Covid-19: furlough and self-employment support schemes amended →

Posted on : 3rd June, 2020

Government launches review into IR35

The review into the implementation of changes to the off-payroll working rules will determine if any further steps can be taken to ensure the successful implementation of the reforms, which are due to come into force on 6 April 2020. “We recognise that concerns have been raised about the forthcoming reforms to the off-payroll working … Continue reading Government launches review into IR35 →

Posted on : 11th January, 2020

Ready to take it to the next level?

CONTACT US
Designed and developed by: www.sovainfotech.com UK Tax Solutions is a trading name of True Dynamic Ltd | Copyright © 2024 UK Tax Solutions. @ All rights reserved