budget Archives - Page 9 of 32 - Whitefield Tax - Isle of Wight Accountants

Autumn 2021 Budget and Spending Review

by Jessica Garbett | Oct 27, 2021 | budget

Please note this content was written contemporaneously, and may well now be superseded Here is our preliminary review of todays (27ths October 2021) Budget and Spending Review. The two big tax changes funding Covid recovery were already known, viz the Health and...

Corporation Tax Rate Rise 2023 – Impact

by Jessica Garbett | Jun 2, 2021 | budget, business taxation

As you may recall, in the Spring budget 2021 it was announced that Corporation Tax would rise to 25% in April 2023 for Companies with more than £250,000 profits. It was also announced there would be a taper of the increased rate cutting in at a profit level of...

Restart Grants – April 2021

by Jessica Garbett | Mar 18, 2021 | budget, business issues, Covid19

In Spring Budget 2021 the Chancellor announced Restart Grants for certain businesses closed during lockdown. Details were published on 17th March 2021, in the form of Guidance for Local Authorities The pertinent details are: 1 – Available to businesses who pay...

Employers of ex-military get national insurance holiday

by Jessica Garbett | Mar 8, 2021 | ACCA, budget, business issues

Relief applies to recruitment of former members of the UK regular armed forces The Chancellor announced the introduction of a national insurance contributions (NIC) holiday for employers that hire former members of the UK regular armed forces. The relief is available...

Plastic packaging tax will be introduced this year

by Jessica Garbett | Mar 8, 2021 | ACCA, budget, business issues, business taxation

New regulations could lead to 200,000 tonnes of carbon savings in 2022-23 and increase use of recycled materials by 40% Legislation will be introduced in Finance Bill 2021 to establish a plastic packaging tax. This new tax will apply to plastic packaging manufactured...

Research & Development tax relief – Budget Changes

by Jessica Garbett | Mar 5, 2021 | ACCA, budget

Anti-abuse measures for SMEs R&D tax relief and R&D reform with more on the horizon. From 1 April 2021 SMEs applying for R&D tax credits will be eligible for a maximum £20,000 in repayments per year plus three times the company’s total PAYE and NICs...

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Autumn 2021 Budget and Spending Review

Corporation Tax Rate Rise 2023 – Impact

Restart Grants – April 2021

Employers of ex-military get national insurance holiday

Plastic packaging tax will be introduced this year

Research & Development tax relief – Budget Changes

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