The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from...
Business owners are trying to remain positive despite many small businesses going into survival mode during the current Covid-19 crisis. Established accountancy practice Bevan Buckland LLP has been reaching out to clients to help and advise those most severely...
HMRC updates tax guidance for digital currencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late...
The Chancellor, Rishi Sunak, has delivered his first Budget. Here are the 2020 tax rates & proposed changes at a glance. Personal Taxation – 2020/21 National Insurance contributions The threshold for class 1 primary contributions paid by employees and the...
From this April onwards, landlords will no longer be able to claim full tax relief on finance costs for their property. That’s because the last in a series of planned changes to finance cost relief – also known as mortgage interest relief – is due to...
The Treasury is to raise the National Insurance threshold for 2020/21, saving the average employee around £104. According to legislation approved in Parliament back on 30 January 2020, the £8,632 threshold at which employees start paying class 1 national insurance...
