The new tax year starts 6th April 2024 and will end 5th April 2025 and here are some key changes for this upcoming year: National Insurance (NI) Cuts: The income tax rates and thresholds are as follows: England and...
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So, the Chancellor’s mini budget was announced on 23rd September 2022, but what does it mean for you and your payroll? Income Tax Cut The Chancellor has announced that the income tax of 20% will reduce to 19% from...
Chancellor Rishi Sunak has announced the contents of his Spring Statement today (23rd March 2022). Amongst his statement he announced he would cut fuel duty, raise the threshold at which people start paying National Insurance and also pledged to...
From 24th March 2022, COVID Statutory Sick Pay (SSP) will revert back to being paid only on the fourth day of continual sickness rather than day one. The prime minister has made several announcements in his plan to live...
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...