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Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of the Spring Statement     

There are, however, several areas where employers can use tax breaks and exemptions to help promote health and fitness at work.

Rent-a-room relief was introduced to encourage people to let spare rooms in their own home in order to increase the supply of low-cost rental accommodation.

Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis.

To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window.     

The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free.

Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022, unless they have been payrolled or included within a PAYE Settlement Agreement.

Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network.    

Plastic packaging tax is a new tax that comes into effect from 1 April 2021.