Plastic Packaging Tax From April 2022, the UK government is set to introduce a new tax on plastic packaging. If you manufacture or import plastic packaging into the UK, it needs to contain at least 30% recycled plastic. Otherwise, you’ll be subject to a tax of £200 per tonne. This tax will apply if you […]
Find out moreNational Insurance is increasing from April 2022 From April this year, most people and businesses will pay 2.5% higher National Insurance contributions. This table illustrates how contributions stand at present and how they will look after 1st April 2022, at the start of the new tax year. Employee’s NI Employer’s NI Currently 12.00% 13.80% From […]
Find out moreWhat’s the inheritance tax rate? The simple answer to the question is 40%. But – it would be a huge and potentially expensive mistake to believe that this is where the Inheritance Tax story ends. Far from it. In fact, Inheritance Tax is one of the most complex aspects of UK tax legislation. Get it […]
Find out moreTax Planning The end of the current tax year is approaching fast. But just because several weeks will pass before we embark on the new 2022-23 tax year doesn’t mean we can afford to be complacent. Leaving tax planning until April 1st could cost you money. Planning, by definition, means devising a strategy in advance. […]
Find out moreWhat is Transfer of Residence Relief? Are you in the process of moving to the UK? In other words, are you planning to become a UK resident? If so, you’ll have plenty on your plate. One aspect of the move that may be worrying you is the prospect of paying customs duty on the belongings […]
Find out moreAre Potential UK Tax Cuts by 2024 likely? Surprisingly, news has emerged in recent weeks about discussions the UK Chancellor, Rishi Sunak, has held with Treasury advisers to reduce taxes. We say ‘surprisingly’ because the discussions come just a few months after the Chancellor has committed to increase National Insurance and the tax on dividends. […]
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