by Chris Barlow | Nov 24, 2022 | Latest, Tax
Despite previous decisions to cancel the increase, it has been confirmed that the main rate of corporation tax will go up to 25%. In the September mini budget, ex-Chancellor Kwasi Kwarteng had announced that the increase in the rate of corporation tax for a lot of...
by Chris Barlow | Nov 21, 2022 | Latest, Tax
Last week, Jeremy Hunt announced upcoming changes to income tax, most notably a reduction of the threshold at which people are required to pay the additional income tax. When Chancellor Jeremy Hunt delivered his long-anticipated Autumn Statement to MPs in the House of...
by Chris Barlow | Jun 24, 2022 | Latest, Tax
With the P11D deadline approaching on the 6th of July, here are a few things to consider. If you provide certain benefits (and/or expenses) to your employees, you must know that these may be subject to Class 1A NIC and tax. This also applies if you are receiving...
by EKWilliams Team | May 13, 2022 | Latest
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 1%. The new rates are set to affect those who make late payments on NIC, Income Tax, CGT, Inheritance Tax and stamp duty. The Bank of England has increased their...
by EKWilliams Team | Apr 21, 2022 | Latest
In February 2022, Chancellor Rishi Sunak announced that the government would be giving people a £150 council tax rebate in April. The government introduced the rebate in response to the energy bill crisis, potentially putting many vulnerable homes into debt. This...
by EKWilliams Team | Apr 12, 2022 | Latest, Tax
Households in England in tax bands A-D should expect a £150 rebate. At the start of the year, the government announced a national council tax rebate that would help individuals pay for their energy bills during a time when the energy prices have risen due to inflation...
