From the 6th of April 2022, the national insurance contributions (NIC) rates increased by 1.25 perc...
Read Article 17th Jun 2022
15th Mar 2022
Advice For Handling Interest On Late Tax Payments
Any late tax payments now carry interest at 3%. Should tax be outstanding for over 6 months, a 5% s...
Read Article 15th Mar 2022
Calculating The IHT Due On Let Properties
When an individual passes away, everything they own is valued to calculate the inheritance tax (IHT...
Read Article 15th Mar 2022
How To Ensure That Cryptoassets Are Taxed Correctly
With the uncertainty of the past few years, more people than ever have instinctively looked for new...
Read Article 15th Mar 2022
The Tax-Free Mileage Rates For Reimbursing Fuel
Over the past few months, the price of road fuel has significantly increased. In response, HMRC has...
Read Article 15th Mar 2022
The Hospitality VAT Rate Will Return To 20%
Throughout the pandemic, businesses in the hospitality or tourism sector have been supported by pay...
Read Article 15th Mar 2022
How To Reclaim Tax Refunds From PPI Settlements
Everyone remembers those annoying adverts around claiming back your PPI, and while frustrating, the...
Read Article 15th Mar 2022
The COVID-19 Sick Pay Scheme Ends In March 2022
We are now officially in the 'living with COVID-19' stage of the pandemic, which means there will b...
Read Article 15th Mar 2022
Guidance Introduced For VAT On Contract Termination Fees
Contract termination fees can be incredibly frustrating when you want to get out of an expensive ag...
Read Article 15th Mar 2022
COVID-19 Grants Must Be Declared On Tax Returns
If you received any COVID-19 support grants, such as CJRS, SEISS or Eat Out to Help Out, you must b...
Read Article 15th Mar 2022
MTD For VAT Will Be Compulsory From April 2022
As of the 1st of April 2022, all VAT records must now be recorded digitally, and you must submit re...
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