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Employment Allowance set to continue

by | Mar 5, 2021 | ACCA, business taxation

Businesses will not to have to pay employer’s NIC on the first £4,000, so take care when you claim! Organisations will continue to not have to pay employer national insurance contributions (NIC) on the first £4,000 of their annual bill. It had already been announced...

Investor tax incentives

by | Mar 5, 2021 | ACCA, budget, business taxation

Extended tax incentives for social investment initiatives  Of the four main venture capital schemes (EIS, SEIS, VCT, SITR) the 2021 Budget introduced a small change only to the Social Investment Tax Relief (SITR) which provides income and capital gains tax hold-over...

Pensions update – all you need to know

by | Mar 5, 2021 | ACCA, budget, pensions

Updates to annual, lifetime and tapered annual allowances and more.   Why make a pension contribution? When you save into a pension, the government usually gives you a top-up as a way of encouraging you to save for your future. If certain conditions are satisfied, tax...

ACCA Budget VAT Roundup

by | Mar 5, 2021 | Uncategorized

Temporary VAT rate reduction extended until September To support the most vulnerable businesses hit by the pandemic, chancellor Rishi Sunak announced the extension of the reduced rate of VAT of 5% to the hospitality sector, holiday accommodation and attractions until...