• 28 October, 2021

    Autumn Budget Summary

    SummaryAs with the Spring Budget 2021, much of the detail for the Autumn Budget had been leaked to the press prior to the official report to parliament, 27th October 2021.But we now have all the details and, as usual, there... read more

  • 5 October, 2021

    Dividends

    Changes in Dividend Tax Dividends have been taxed at a lower rate for some time and taking a combination of minimum salary and then dividends has been a standard remuneration strategy for small owner managed businesses.If you have been keeping up... read more

  • 9 September, 2021

    Health and Social Care Levy

    Boris Johnson has announced a new 1.25% health and social care levy on earned income, with dividend rates increasing by the same amount. He said the levy would fix the long term problems of health and social care that have been... read more

  • 26 August, 2021

    National Minimum Wage

    HMRC have just published their list of the most ridiculous excuses for flouting the law regarding the National Minimum Wage. The most absurd excuses included:She does not deserve the National Minimum Wage because she only makes the teas and... read more

  • 24 August, 2021

    Tax on Electric Cars

    As most drivers of a company car will be aware, if you have any private use of the vehicle this will result in a significant Income Tax charge. The benefit charge is the way that HMRC levy tax on this... read more

  • 13 August, 2021

    Fifth SEISS Grant

    In its 2021 Budget the government announced that a fifth and final Self Employed Income Support Scheme (SEISS) grant would be made available for the period from 1 May 2021 to 30 September 2021.The online service to claim this has... read more

  • 27 July, 2021

    Tax Penalties

    The way HMRC calculates tax penalties is about to change. The changes will initially apply to VAT and Income Tax Self Assessment (ITSA). HMRC say this is to make tax penalties 'fairer and more consistent across taxes'. When Do Tax Penalties... read more