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...
Income tax
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...
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...
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...
The Enterprise Management Incentive (EMI) Share Options for Retaining Valuable Employees
Enterprise Management Incentive (EMI) share options have been around for over a decade, allowing small higher risk businesses retain employees and grow the business by offering an equity stake in the company. How do they work? If the employer were to simply give their...
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)...