September 2021

The Prime Minister Boris Johnson has recently announced that the proposed increases in National Insurance Contributions and dividend tax would raise £36bn for frontline services in the next three years and be the "biggest catch-up programme in the history of the NHS". He accepted the tax and NIC increases broke a manifesto pledge, but said the global pandemic was in no one's manifesto.

The government has also confirmed that a full Spending Review (SR) will be held alongside the Budget on 27 October, and published its overall spending ‘envelope’ – the total pot of money to be allocated between departments at the SR. These new spending plans cover 2022/23, 2023/24 and 2024/25 and represent a return to multi-year budgeting which have proved impossible during the pandemic.

We will bring you our Budget predictions prior to 27 October and provide an immediate summary of the main announcements and how they may impact you.

Finally, are you looking for a free, automatic way to log your mileage? This and many other useful tools will be included on our app being launched very soon.

Please contact us if you want to talk about how these updates affect you or your business. We are here to support you!

Business/Tax News and Tips

Proposed NIC and Dividend Tax Rates

Big Tax Bills for the Self-Employed in 2022/23

Personal Pension Age to Increase to 57 from April 2028

5% Rate on Tourism and Hospitality Ends 30 September

Gender Pay Gap – Reporting Deadline for Larger Employers Approaching

Managing Your Business’s Risk of Cyber Attack

Help to Grow: Digital

Notify Option to Tax Land and Buildings Within 30 Days of Decision

The Food Standards Agency (FSA) and Changes to Allergen Labelling

Brexit Related Updates

Accounting for Import VAT on Your VAT Return

UK Transition Help for Businesses

Businesses Given More Time to Apply New Product Safety Marking

COVID-19 Related Updates

Claiming Back Statutory Sick Pay Paid to Employees Due to Coronavirus (COVID-19) & General SSP Webinar

Commercial Rent Debts: Policy Statement

Live Events Reinsurance Scheme

Coronavirus Job Retention Scheme Update (CJRS)

CJRS - Support Available for Employees You Are Unable to Bring Back

Self Employed Income Support Scheme (SEISS) Update

Claiming Financial Support Under the Test and Trace Support Payment Scheme