​

• An increase in the National Insurance threshold to £12,570 from 6th July 
• The planned increases in National Insurance will continue from 6th April
• A planned increase in corporation tax from 2023 for some companies continues
• New temporary loss reliefs for companies and the ‘super deduction’ for qualifying capital expenditure continue
• The standard rate of Vat for hospitality resumes
• No changes in tax allowances
• Increased wages as previously published

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

A number of restaurants and take aways have become pretty clued up at home delivery service or indeed delivering restaurant meals for you to reheat.  Why not use a £50 trivial benefit to send something like this to an employee (or indeed yourself if you are an employee) – remember maximum 6 of these benefits per year and it must never exceed £50.  A well known restaurant chain is doing a menu where you can get food for 2 (sometimes with house wine) by mail order costing less than £50 including delivery!

If that doesn’t work for you or your employees a gift upto £50 for Christmas is perfectly allowable.  Don’t go over the allowance!  You can’t get the VAT back on the gift.