Budget 2021

On Wednesday 4th March, the Chancellor of the Exchequer, the Rt. Hon Rishi Sunak MP delivered the government’s Budget for 2021.You can find below in summary some of the measures announced: 1. For unincorporated businesses, losses up to £2m in 2020/21 or 2021/22 can be carried back up to 3 years For companies, losses up […]

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Summer Statement July 2020

On 8th July 2020, Chancellor has delivered his summer economic plan to help the UK economy recover from the impact of the coronavirus pandemic. Here is a summary of the main points: Job retention bonus’ to encourage firms to retain furloughed staff  A one-off £1000 payment to employers for every furloughed employee retained to […]

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Budget 2020 Highlights

Personal Allowance and Income Tax thresholdsThe Personal Allowance for the 2020/21 tax year is not expected to change and will remain at £12,500 – this is tax-free and is applied throughout the UK. National Living WageThe national living wage hourly rate for over-25s will increase by 50p to £8.72. Annual Pension AllowanceThe pension annual allowance […]

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Budget 2018: Key Points

Minimum Wage More than two million workers will see their pay jump from April 19, as the National Living Wage jumps to £8.21 an hour. Personal tax The Conservatives’ manifesto pledge to increase personal allowances to £12,500 and the higher rate threshold to £50,000 will be implemented from April 2019, which is one year earlier […]

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