by EKWilliams Team | Mar 24, 2022 | Latest, Tax
On the 23rd of March 2022, Chancellor Sunak announced the tax rates and bands for the next tax year (2022/23). These include an income tax cut by 1p for most taxpayers. However, this will not be taking place until 2024. The following sections highlight the Personal...
by EKWilliams Team | Mar 18, 2022 | Latest, Tax
HMRC is warning customers to keep their eyes peeled as scammers are targeting Self Assessment customers to try and steal money or personal information. Within the last year, HMRC reported more than 570,000 scams. During this time of year, Self Assessment customers...
by EKWilliams Team | Mar 14, 2022 | Latest, Tax
From April 2022, all VAT registered businesses must sign up, whatever they earn. Before the government brought in this extension, only companies whose turnover was more than £85,000 had to sign up for MTD. With less than a month left until the extension of MTD for...
by EKWilliams Team | Mar 13, 2022 | Latest, Tax
The end of the tax year is approaching fast, firms and accountants are advised to consider if there are any actions to be done before the end of the year to optimise their tax position. Many tax reliefs and allowances are available, creating the financial future you...
by EKWilliams Team | Oct 7, 2021 | Covid 19, Latest, Tax
The government is extending the requirement to operate Making Tax Digital (MTD) to the 4.2m taxpayers with business and/or property income over £10,000, including landlords, sole traders and partnerships, for their Income Tax obligations. These changes will apply to...
by EKWilliams Team | Feb 7, 2021 | Tax
In the 2020 to 2021 tax year, the maximum you can save in ISAs is £20,000 Each tax year, we are given an annual ISA allowance. This can build up quickly, letting you accumulate a substantial tax-efficient gain in the long-term. The ISA limit for 2020/21 is £20,000....
