Tax rates rise 2022/23

National Insurance and dividends tax rates to rise 1.25% in 2022/23 National Insurance contributions (NICs) and the three dividend tax rates will all increase 1.25% from April 2022 to pay for the social care system in England.  This social care package will be funded through a new UK-wide health and social care levy, which is… Continue reading Tax rates rise 2022/23

Tax and electric cars

The rise of electric vehicles could create £30bn tax hole The Government is being urged to introduce a new road-pricing system, because the increasing popularity of electric vehicles risks leaving a £30 billion hole in public finances each year.  Research submitted by the Tony Blair Institute for Global Change called for a new system, with… Continue reading Tax and electric cars

New trust registration service

Millions of trustees need to register details of their trusts before next autumn, following the launch of a new trust registration service.  The service was originally announced in draft form in 2017, at a time when it would only have applied to taxable-relevant trusts.  Since then it has been expanded to include all UK-resident express… Continue reading New trust registration service

Stamp duty is back

The stamp duty land tax holiday in England and Northern Ireland has come to an end, more than 14 months after it first came into effect.  The tax break saw most buyers who purchased residential homes for £500,000 or less pay no stamp duty land tax until 30 June 2021, although landlords still had to… Continue reading Stamp duty is back

Protecting your business from fraud

Steps to shield your firm from threats. Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses. This worrying picture is backed up by the 2019 Fraudscape report compiled by anti-fraud body Cifas, which provides statistics for fraud committed by employees. The report read:… Continue reading Protecting your business from fraud