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Download it on the Play Store or Google play Now!
Rises in National Insurance and Dividend taxes from April 2022 to help fund #socialcare
Dividend Tax rates will increase by 1.25%.
National insurance will also see an 1.25% increase for Employees and Employers!
#incometax#NationalInsurance#Dividendtax
Despite the worst economic recession in 300 years we have protected the jobs of millions of people through our #PlanForJobs.
That plan is working and today I can announce our future spending plans will be set out at the Spending Review on 27 October alongside an Autumn Budget.
A UK-wide 1.25% Health and Social Care Levy will be introduced from April 2022, paid by individuals and businesses.
This means:
• Additional £12bn on average annually for health and social care
• Those earning more pay more and businesses contribute
https://t.co/lwIS8h6H5R
Complete your house purchase by 30 September 2021 to save up to £2,500 in SDLT learn more in our online blog. #sdlt#sdltthreshold
https://t.co/jxlglnYvO2
The Coronavirus Job Retention Scheme has been extended until the end of March 2021.
This means that furloughed employees will receive 80% of their usual salary for hours not worked, for the next five months.
DEADLINE DAY FOR FURLOUGH
https://t.co/Lhl8xZ1Y10
If you have not furloughed an employee (for the first time) by tomorrow, the 10th June they CANNOT be furloughed in the future as they will not meet the minimum first 3 week period required for furlough.
8/ To introduce this new, flexible furlough from July 1st, we need to close the old scheme to new entrants on June 30th.
Employers wanting to place new employees on the scheme will need to do so by June 10th, to allow time to complete the minimum furlough period before then.
7/ From July 1st, employers will have complete flexibility to decide on the right arrangements for them and their staff.
For instance, your employer could bring you back two days a week. They pay you for the two days and the furlough scheme covers the other three.
6/ @HMRCgovuk and @hmtreasury have worked hard to put the flexible furlough in place not from August 1st, as originally planned, but from July 1st, one month early.
And I’ve decided to provide the maximum possible flexibility, with no central definition of part-time hours.
5/ In October, taxpayers will pay 60%, and employers will contribute 20%.
Then, after eight months of this extraordinary intervention of the government stepping in to help pay people’s wages, the scheme will close.
3/ In August, the taxpayer contribution to people’s wages will stay at 80%.
Employers will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.