KRW Tax news
Class 2 & 4 NIC thresholds also increased to £12,570 from April 2022
KRW Tax newsMarch 6, 2022|In KRW Tax news|By Keith WitchellFor self-employed taxpayers, Class 4 NIC applies to all profits over the lower profits limit, and this limit will also increase from the…
All VAT registered businesses must use MTD compliant software from April
KRW Tax newsMarch 5, 2022|In KRW Tax news|By Keith WitchellOK, so this isn’t exactly breaking news, and we’ve been speaking to affected clients about it for months, but from April 2022 all VAT…
Fuel duty cut by 5p per litre from midnight tonight
KRW Tax newsMarch 5, 2022|In KRW Tax news|By Keith WitchellWith fuel prices soaring, Mr Sunak announced a very welcome cut in fuel duty by 5p per litre from midnight tonight. This cut will continue…
Employment allowance increased to £5K pa from April 2022
KRW Tax newsMarch 3, 2022|In KRW Tax news|By Keith WitchellAlongside the increase to the NIC threshold for employees, the Chancellor also announced some help for employers facing the 1.25% increase…
One month extension to self assessment tax return filing deadline
KRW Tax newsJanuary 5, 2022|In KRW Tax news|By Keith WitchellHMRC confirmed earlier this month that they will waive late filing penalties for Self Assessment tax returns, providing they are filed by…
30 day limit to report & pay CGT on residential property now 60 days
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellAnyone selling a residential property since April 2020 has had to report and pay their Capital Gains Tax to HMRC within 30 days of the…
Company car tax rates frozen from 2022 to 2025
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellBuried in the Budget documents was some welcome confirmation that company car tax rates and bands will be frozen from 2022 through to…
Recovery loan scheme extended to June 2022
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellThe Budget documents confirm that the Recovery Loan Scheme to help businesses get back on their feet following the pandemic, will be…
50% business rates relief for retail, hospitality & leisure from April 2022
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellA new temporary 50% business rates discount was announced for these sectors, in a bid to help their recovery after the pandemic, which…
R&D tax reliefs to be reformed from April 2023
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellFollowing the consultation launched at the Spring 2021 Budget, the Chancellor confirmed that R&D tax reliefs will be reformed from…