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National Insurance changes from July 2022
Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of the Spring Statement
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Employees: tax-free benefits to keep them healthy
There are, however, several areas where employers can use tax breaks and exemptions to help promote health and fitness at work.
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Did you know you can earn up to £7,500 tax-free from an Airbnb?
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.
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Letting a property as a furnished holiday let – is it worthwhile?
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.
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Companies – claim extended loss relief online
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.
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Using allowances are an easy way to save tax
The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free.
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Filing 2021/22 expenses and benefits returns
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.
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Crypto
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.
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Plastic packaging tax – who is liable?
Plastic packaging tax is a new tax that comes into effect from 1 April 2021.