Will your period products be cheaper because the Tampon Tax is now 0%?
As part of the EU, the UK was bound by the EU VAT Directive. This meant that the VAT rate on sanitary products couldn’t go below the 5% in any EU country. Since leaving the [...]
May 2021
April 2021
Do all the UK countries have different tax codes for 2021-22 tax year?
It’s important that you understand your tax code, so that you can check you’re paying the correct amount of tax. Your tax code is a quick way for you, your employer, HMRC and your pension [...]
Has the minimum wage gone up this tax year?
Yes, the government has increased both the National Minimum Wage and the National Living Wage for the 2021-22 tax year. These are the statutory levels of pay that employers must give their employees. Any changes [...]
Do I pay income tax or Capital Gains Tax on my cryptocurrency investments?
It’s just as important to get your tax right on cryptocurrency investments, as it is on your other tax liabilities. But which one do you pay on cryptocurrency income? Here’s our simple introduction to UK [...]
New tax break for employers hiring veterans
Employers can claim National Insurance Contributions (NICs) relief for any Armed Forces veteran they employ in their first civilian job after serving. What are the details of this new NICs relief? This new National Insurance [...]
March 2021
What are NFTs? And what on earth does ‘fungible’ mean?
The latest development in the cryptocurrency world has hit the headlines recently. You probably saw the story about the £50m cryptocurrency sale of Beeple’s 'Everydays: The First 5000 Days’ - a digital art NFT at [...]
Three positives for taxpayers in the 2021 Budget
The consequences of any Budget vary depending on your, or your business’s circumstances. Our last article unpicked the possible effects of the Corporation Tax rise and the new super deduction tax relief for businesses. And [...]
What is the new ‘super-deduction’ tax relief?
In his Budget speech, the Chancellor called this new super-deduction tax relief “…the biggest business tax cut in modern British history.” It’s designed to encourage businesses to invest in tangible assets and is something of [...]
Will freezing the income tax thresholds cost me money?
Chancellor Sunak stuck to the original Conservative Manifesto pledge of not raising VAT, NICs or income tax rates in this Budget. But they are going to be frozen, after a small rise in April 2021, until [...]
February 2021
Working from home: not for everybody
The restrictions placed on us by the COVID-19 pandemic mean that we’re working from home, whether we like it or not. Unless you’ve been furloughed, or the nature of your work prevents it, employers have [...]