National Insurance changes from July 2022
In the recent Spring Statement, several changes to National Insurance were announced. These are not straightforward, and this is further compounded by only applying part way through the new tax
Practical tax advice, business tips, and updates to help you stay on top of your finances and grow with confidence.
In the recent Spring Statement, several changes to National Insurance were announced. These are not straightforward, and this is further compounded by only applying part way through the new tax
HMRC had been planning to start digital tax from 6th April 2023, however that has now been postponed until 6th April 2024. There have also been some further details of
From April 2022 the rate of National Insurance is to increase by 1.25%. This will apply to both employees(Class 1) and the self-employed(Class 4.) The increase won’t initially affect those
The rate of tax on dividend income is to increase from April 2022. At present, there is also a £2,000 annual tax-free allowance for dividend income. There have been no
I launched taxhelp.uk.com back in 2006, to specialise in helping the self-employed. It has now been 15 years since I started the business, and I am pleased to have been
People are now starting to complete their 2021 tax returns, which cover the tax year 6th April 2020 to 5th April 2021. If your accounting year ends on 5th April
HMRC has started issuing the 2021 notices to complete a tax return. These can either be received through your online personal tax account, as above, or through the post. The
HMRC Paper Tax Return Form – What You Need to Know in 2026 Although most people now file their tax return online, some still prefer (or need) to submit a
It was announced in the Budget that there would be two SEISS grants: Fourth Grant – covering three months at 80% of average trading profits. Paid out in a single
In the Budget it was announced that, rather than increase in line with inflation each year, several personal tax allowances are to be frozen. The below allowances will remain at
As a fellow of my tax association, I was featured in the February 2021 issue of TAXAdviser magazine: The feature discusses my tax career and how the ATT qualification, ATT
The normal deadline for submitting an online tax return is the 31st January after the year end. For 2020 tax returns the deadline would usually have been 31st January 2021.
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