HMRC announced on 6th January 2022 that they will not charge for late: filing penalties for those who file online by 28th February 2022 payment penalties for those who pay tax due in full or set up a payment...
From 6th April 2022, repayment thresholds and interest rates for student loans will be: Plan 1 – £20,195 (increase from £19,895) Plan 4 – £25,375 (increase from £25,000) The interest rate for plan 1 and 4 remains at 9%...
HMRC have now confirmed the new rates for 2022-23, although the following rates are subject to parliamentary approval. Income Tax Rate – Wales Basic rate 20% £1-£37,700 Higher rate 40% £37,701-£150,000 Additional rate 45% Over £150,000 Income Tax Rates...
Along with a number of updates from HMRC, we can confirm that the new rates for tax year 2022/23 are as follows: SSP weekly rates for sickness will increase from 6th April 2022 from £96.35 to £99.35. Parental leave...
On September 7th 2021 the government announced a new 1.25% Health and Social Care Levy to fund investment in the NHS and social care. For working age employees the Levy will be introduced from April 2022. This will also...