Budget update From a tax perspective, not much new was announced. The main items that are likely to impact our clients are: confirmation of the increase in dividend taxes by 1.25% (See below and our note 8/9/21) confirmation of the 1.25% increase in National Insurance from April 2022 (See our note 8/9/21) extension of Capital […]
Find out moreDo you work overseas? Are you in danger of paying social security contributions twice? If you’re an employee or if you’re self-employed, and you’re working overseas, there’s a danger that you’ll find yourself paying your social security contributions (Called National Insurance or ‘NI’ in the UK) twice, ie social security contributions in the overseas country […]
Find out morePensions provide a number of tax benefits that, when combined, can give a considerable boost to your final retirement fund. In this article, we explore these benefits and look at how you can make the most of your pension pot. Pension tax relief – what is it? One of the best reasons to save for […]
Find out moreThis is the time of year when key tax deadlines start to loom large. Miss these, and the result is almost certainly heavy penalties. These dates apply for the tax year 2020/21, which ended on April 5th this year. You can read about deadlines and penalties here. 5th October 2021 – register for self-assessment Is […]
Find out moreThis article will be of interest to business owners looking to buy a UK commercial property. Its aim is to give you a brief introduction to the key points to consider about whether to buy a property: outright (freehold); as a long leaseholder; or to rent a property as a short leaseholder. Freehold vs Leasehold […]
Find out moreProposed increases in National Insurance and Dividend Tax Yesterday (7/9/21) the UK Government announced its plans for a 1.25 percentage point increase in National Insurance Contributions (normally considered as a tax to fund pensions) and Income tax on dividends. The aim of the increases are to raise about £36 billion over three years, which is […]
Find out moreAs part of the measures to support the economy during the COVID 19 pandemic, the Chancellor of the Exchequer introduced a Stamp Duty Holiday. This effectively suspended or reduced (depending on the value of the house purchase) Stamp Duty on house purchases. The holiday began on July 8th 2020, and is due to end on […]
Find out moreThere’s no better time to set up a business in the UK. The UK’s exit from the EU, combined with an expected post-pandemic lift to the economy, makes business in Britain an attractive proposition. However, there’s a more concrete reason why opening up in the UK deserves strong consideration. Corporation Tax (tax on company profits): […]
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