KRW Tax news
Annual investment allowance to remain at £1m until April 2023
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellThe Chancellor confirmed that the current £1 million Annual Investment Allowance, which provides tax relief on the full cost of…
1.25% dividend tax rise from April 2022
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellThis measure was also announced last month (see previous Tax Bulletin), alongside the NIC increase, in a bid to bring parity for limited…
1.25% national insurance rise from April 2022
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellThe Budget documents confirm Rishi’s announcement last month that NIC will increase by 1.25% for both employees and employers from April…
Universal credit withdrawal taper rate reduced from 63% to 55%
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellIn a bid to encourage those on lower incomes to work more without such a significant drop in their universal credit, the Chancellor…
National living wage increased to £9.50 per hour from April 2022
KRW Tax newsOctober 27, 2021|In KRW Tax news|By Keith WitchellAs already released to the media ahead of the Budget Speech, Rishi Sunak confirmed that the National Living Wage for employees aged 23…
Dividend tax rates to increase by 1.25% from April 2022
KRW Tax newsSeptember 17, 2021|In KRW Tax news|By Keith WitchellIn a bid to level the playing field with business owners who take lower salaries and supplement their income with dividends which do…
Self employed class 4 NIC rates to increase by 1.25% from April 2022
KRW Tax newsSeptember 17, 2021|In KRW Tax news|By Keith WitchellIn order to bring parity between employed and self-employed workers, it was confirmed that the 1.25% increase will also be applied to…
Employer NIC rates to increase by 1.25% from April 2022
KRW Tax newsSeptember 17, 2021|In KRW Tax news|By Keith Witchell Alongside the increase to employee NIC rates, it was also announced that the 1.25% increase will also apply to employer NIC…
Employee NIC rates to increase by 1.25% from April 2022
KRW Tax newsSeptember 17, 2021|In KRW Tax news|By Keith WitchellThe Prime Minister announced that in order to fund wide ranging reform to the health and social care sectors, it would be necessary to…
5th coronavirus grant for the self employed opens end of July
KRW Tax newsJuly 30, 2021|In KRW Tax news|By Keith WitchellEarlier this month, HM Revenue & Customs issued some guidance about the fifth, and potentially final, Self Employed Income Support…