News

Outdoor measures to be made permanent

20/09/2021

Temporary measures that have given a huge boost to high streets and hospitality during the pandemic could be made permanent following a public consultation launched in September 2021. From marquees being put up in pub grounds, to street markets operating all year round, permitted development rights that have allowed people to enjoy al...

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Budget date announced

16/09/2021

The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place on Wednesday, 27 October 2021. This will be the Chancellor’s third Budget and the first one to revert back to the Autumn Budget schedule that was interrupted first by Brexit related issues and then by the coronavirus pandemic. It means that...

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Pension triple-lock abandoned for one year

16/09/2021

The government has confirmed that its triple-lock guarantee on pensions is to be abandoned for one year. The guarantee was first introduced in 2010 and has remained in place until now. This guarantee has seen the full yearly State Pension increase by over £2,050 in this period. The triple-lock is the mechanism used to calculate increases...

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Capped social care costs from October 2023

16/09/2021

The government has announced new plans to cap social care costs in England from October 2023. This change is expected to see the introduction of a new £86,000 cap on care costs across an individual’s lifetime. There will also be the following measures of financial assistance for those without substantial assets: Anyone with less than...

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Dental Associates tax status update

16/09/2021

HMRC has, for many years, accepted that associate dentists are generally treated as self-employed. These agreements have been approved by the British Dental Association (BDA) and the Dental Practitioners Association (DPA) and are quoted in HMRC’s manuals. HMRC’s manuals state that ‘these agreements relate to dentists practising as...

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Class 1 NIC changes extend to Class 1A contributions

16/09/2021

It is important to bear in mind that the 1.25% increase in National Insurance contributions (NICs) for 2022-23 will apply to National Insurance Class 1 and Class 4 contributions from April 2022. This means that the increase will apply to Class 1 (employee and employer), Class 1A and 1B and Class 4 (self-employed) NICs. Those above State...

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Do tax-payers need to register for Self-Assessment

16/09/2021

There are a number of reasons why a taxpayer needs to complete a Self-Assessment return. This includes if they are self-employed, a company director, have an annual income over £100,000 and / or have income from savings, investment or property. Taxpayers that need to complete a Self-Assessment return for the first time should inform HMRC...

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Gender pay gap reporting to commence from 5 October

16/09/2021

The Equality and Human Rights Commission (EHRC) confirmed in February 2021 that enforcement action against employers for failing to report their gender pay gap data for the last reporting year (2020/21) would be suspended for six months and so would not begin until 5 October 2021. This additional six-month period is almost at an end and...

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Using your Personal tax accounts

09/09/2021

HMRC’s Personal tax accounts (PTAs) were launched in 2015. The service works as an online resource to allow taxpayers to review and update their details in real time. For many routine requests and services using the PTA can help you avoid having to phone or write to HMRC. Every individual in the UK that pays tax has a PTA, but taxpayers...

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