Making Tax Digital for Income Tax Self Assessment delayed for a year
Posted on Thursday, October 7th, 2021
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year, HMRC recently announced. The government says it has made the move in recognition of the... Read Full Article...
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National Insurance and dividend tax rises announced for social care reform
Posted on Thursday, October 7th, 2021
From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases. There will be a 1.25% increase in NICs on earned income, with dividend... Read Full Article...
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Chancellor to deliver Autumn 2021 Budget on 27 October
Posted on Thursday, October 7th, 2021
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October. On 7 September the Chancellor launched Spending Review 2021, which will conclude on 27 October and will be presented... Read Full Article...
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Chancellor warned of redundancies as furlough scheme ends
Posted on Thursday, October 7th, 2021
The government’s Coronavirus Job Retention Scheme (CJRS) ended on 30 September after supporting millions of workers during the pandemic. The government said the wages of more than 11 million people were subsidised for at least some of... Read Full Article...
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COVID-19 sick pay rebate scheme closed in September
Posted on Thursday, October 7th, 2021
The government’s scheme that enables small businesses to recoup statutory sick pay costs caused by COVID-19 closed at the end of September. Legislation ending the Coronavirus Statutory Sick Pay Rebate Scheme (SSPRS) was laid before parliament on... Read Full Article...
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£800 million Reinsurance Scheme opens for live events
Posted on Thursday, October 7th, 2021
The government has opened a £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19 pandemic. The live events sector is worth more than £70 billion annually to the UK economy and supports... Read Full Article...
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Government announces plans to make requesting flexible working a day one right
Posted on Thursday, October 7th, 2021
The government will also introduce a day one right to one week’s unpaid leave for carers balancing a job with caring responsibilities. The government says the plans will make for more productive businesses, whilst accommodating both employee... Read Full Article...
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British Business Bank provided £80.5 billion of COVID-19 support
Posted on Thursday, October 7th, 2021
COVID-19 emergency finance schemes offered £80.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not included under the Bank’s core programmes, was... Read Full Article...
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