BUDGET Spring Statement 22 Part 2 of 2: Employment Allowance increase to £5,000, Income tax cut - basic rate of income tax will be cut by 1p, from 20p to 19p per £."Tax cut for workers,for pensioners,for savers.A £5 bn tax cut for over 30 mn people." Rishi Sunak #SpringBudget2022
BUDGET Spring Statement 22 Part 1 of 2: Fuel duty cut by 5p per litre, 0% VAT on energy-saving materials, Extra support for low income families, Increased NI threshold - salary threshold before workers pay NI will be increased to £12,570 from July 2022). #SpringBudget2022
Free rapid testing for all businesses. This could be such a game changer, we have already registered. Will post the registration link in our next tweet. #COVID19
https://t.co/4Adt71lHNB
The #Budget highlights with little immediate tax effect on individuals and small business, outlining some tax changes to be implemented over the next 5 years. More will follow on 'tax day' 23rd March - https://t.co/BEXvCcCp1P
2/2 This year, because of #COVID HMRC is giving taxpayers more time to pay or set up a payment plan.
Payment plans or payments must be in place by midnight on 1 April to avoid a late payment penalty.
contact HMRC for help and support on 0300 200 3822.
1/2 HMRC announce Self Assessment will not be charged 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1 April.
Payment deadline for Self Assessment is 31 January and interest will be charged from 1 February on any amounts outstanding.
We are extending furlough until the end of April 2021.
We will continue to pay 80% towards wages of unworked hours - giving businesses and employees across the UK certainty into the New Year.
Read more: https://t.co/tQzuqeAzzH #PlanForJobs
Capital Gains Tax (CGT) could go up:
The amount of tax levied on #CGT could be raised by billions of pounds. CGT is the levy you pay on profits or gain, when you sell, give away something you own, such as shares / property.
https://t.co/1LN0Vj0B3w