31 August 2021
To support businesses and self-employed individuals through grants and payments from schemes during coronavirus will be taxable. Who can report a grant or support payment: You will need to report the grants or payments on your tax return if you received a payment to support you during COVID-19 only if…
The government in the 2021 budget announced a National Insurance holiday for the employers employing veterans in their first year of civil employment. This was implemented live from April this year. There was also an announcement that a further NI holiday scheme will be implemented in 2022 for the newly…
31 July 2021
Each year, the rise in the cost of living seen in the Consumer Prices Index (CPI) increases the state pension that is a measure of inflation, increasing average wages, or 2.5%, whichever is highest is known as Triple Lock. It is a conservative manifesto pledge for the five years of…
After being in place for 6 months, the government’s directive to work from home has come to a halt from 19th July. Legal restrictions have been lifted on maintaining social distancing and wearing face masks. Government is also planning to remove the self-isolating rule for Covid-contacts people who are fully…
12 July 2021
Starting from the tax year 2020, the Employment Allowance was increased from £3,000 to £4,000 and employers with their annual NI liability less than £100,000 could claim the allowance to offset their employer NI contributions for this amount. However, with the newly established off-payroll rules that have commenced in April…
