A new health and social care tax is being introduced to boost funding for the NHS and social care, Prime Minister Boris Johnson announced. Employees and the self-employed will initially pay an extra 1.25% in National Insurance contributions (NICs) from April 2022. ...
Lorna Dias, Tax Manager at GKP, discusses enhanced capital allowances that could benefit your business. Rummaging through the cupboards to eat ANYTHING to avoid a shopping trip and the washing machine idling as loungewear becomes a weekly uniform…the pandemic has, in...
Earlier this year in the Spring edition of ProActivity following the Chanellor’s budget we covered the tax updates and changes for the year ahead. Now a few months on we take a look at the most recent news, updates and things to be aware of for your business,...
If you are eligible for a fifth grant you will soon hear from HMRC inviting you to claim. The process is the same as with previous SEISS grants the only additional section is where HMRC asks you to input your turnover figures. Information to have ready Your bank...
A fifth grant covering May 2021 to September 2021 will be open to claims from late July 2021. The grant is taxable and will be paid out in a single instalment. If your turnover has been reduced in the year April 2020 to April 2021 by 30% or more, the grant would be...
The online service to claim the fourth grant covering 1 February 2021 to 30 April 2021, will be available from late April 2021. If you’re eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from. It...
