Income tax

Budget 3 March 2021 – Key Points

On the 3rd of March 2021, The Chancellor delivered the budget. A summary of the main points are as follows: COVID-19 Support Extension of the Coronavirus Job Support Scheme to September 2021Self Employment Income Support scheme extended to September 2021, with 600,000...

read more

Budget 16 March 2016 – Key Points

Personal Tax The threshold at which people pay 40% tax will rise from £42,385 to £45,000 in April 2017. Tax-free personal allowance rising to £11,500 in April 2017. 0.5% rise in insurance premium tax. Capital Gains Tax Capital Gains Tax to be cut from 28% to 20%, and...

read more

Budget 8th July 2015 – Key Points

Below are the key points from George Osborne’s 2015 summer budget in relation to businesses and personal tax changes. Businesses Corporation Tax will be cut from its current rate of 20% to 19% in 2017 and 18% in 2020. National Insurance employment allowance for small...

read more

Budget 18 March 2015 – Key Points

Below is a summary of George Osborne’s 2015 budget, who promised a “No giveaways, no gimmicks” budget. Income tax The tax-free personal allowance to rise from £10,600 in 2015-6 to £10,800 in 2016-7 and £11,000 in 2017-8. The threshold at which people start paying 40p...

read more

The Seed Enterprise Investment Scheme

The Enterprise Investment Scheme has been around since April 2009, helping small higher risk trading companies raise finance by providing incentive to investors by way of tax reliefs. However there is a new scheme called the Seed Enterprise Investment Scheme (SEIS)...

read more