A summary of the Spring Statement 2022 and a round up of the significant measures announced in the two 2021 Budgets that may impact your finances.
Spring Statement Summary 2022
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Derby Tax advisors
Derby Tax advisors
The Spring Statement 23 March 2022
In his Spring Statement, Mr Sunak announced a 5p cut in fuel duty, an alignment of NI thresholds with personal tax allowance from July 2022, and promised a 1p cut in income tax, but not until April 2024.
Preparing for the Health and Social Care Levy
A summary of what you need to know, as an employer or if you are self employed, to prepare for the Health and Social Care Levy.
Help To Grow: Digital support scheme
Is your business looking to grow by adopting digital technologies? We take a look at the Government’s Help To Grow: Digital Scheme.
Self Assessment Tax Return
Your Self Assessment tax return can be complicated, especially when you consider the impact Covid and business support grants have had on your profits.
Government response to Capital Gains Tax Review
A summary of the Government’s response to the recommendations made by the Office of Tax Simplification Capital Gains Tax Review
Autumn Budget 2021 Summary
You can find a summary of the Autumn Budget 2021 here, together with details of the tax rates effective from April 2022.
Rishi Sunak and Capital Gains Tax
Did Rishi Sunak’s Conservative Conference speech give any clues about his plans for Capital Gains Tax?
What VAT rate applies to the hospitality industry from 1 October 2021?
Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
Looking to grow? Take the next step
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.