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Budget 2021 - Employing People

3/3/2021

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The employment allowance remains at £4,000 meaning small businesses only pay Employers NI after this point.  It is worth noting that the threshold at which Employers NI is due is lower than the employees NI threshold of £9,568 at £8,840.

​See what else by reading on below...
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Budget 2021 - VAT Threshold

3/3/2021

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The VAT threshold will continue at £85,000 and the lower rate on hospitality will continue at 5% to 30 September and then be subject to an interim rate of 12.5% until 31 March 2022. 

​Care will be needed on using software for VAT returns with Vat quarters that do not coincide with these dates
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Budget 2021 - Business Tax

3/3/2021

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​
Here we explain in bullet points how the 2021 Budget impacts upon  Business Tax .

​With all of the important points to take note of...

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Budget 2021 - Personal Allowances & National Insurance

3/3/2021

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The point at which people will pay income increases slightly at £12,570 for 2021/22 and remains frozen until 2026. 

​Spouses and civil partners may transfer £1,257 of their personal allowance to each other.


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    Nigel Gorski

    Say it as it is and you'll never be misunderstood. Here in the Blog you'll see news posts on many topics of interest to your and your business...

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