Month: September 2022
The principal proposals announced by the Chancellor in his recent mini budget are as follows:
Both employers and employees National Insurance rates will reduce by 1.25% from 6 November 2022. This is...
Chancellors Mini Budget
Written by Tony Shackleford on .
In today’s announcement by the Chancellor, the increase in NIC rates, which came into effect on 6 April 2022, is going to be cancelled from 6 November 2022
Additionally the increase of 1.25% in...
Use of Home As Office Tax Relief
Written by Tony Shackleford on .
HMRC guidance currently allows those working full time from home to claim tax relief as follows:
Those in employment at the rate of £4 per week. This works out at £208 per year and provides tax relief...
Making Tax Digital – An Overview Of Where We Are
Written by Tony Shackleford on .
Making Tax Digital (MTD) requires those businesses caught by the MTD rules to record their business transactions on compliant software and to submit quarterly returns to HMRC direct from the software.
In...
income tax, Making Tax digital, Making tax digital for income tax, MTD