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Taxation Changes in 2022 Spring Statement

Rishi Sunak has just announced in his spring statement that there will be an increase to the National Insurance threshold…

Which Tax Allowances Changed for 2021/22?

Due to the current economic situation the planned changes to some allowances for 2021/22 have not happened or have been…

Personal Allowance Freeze for 5 Years

In the budget today (3rd March 2021) the Chancellor of the Exchequer, Rishi Sunak, confirmed the the personal allowance for…

Personal Allowance 2021/22

The government has published the personal allowance for 2021/22 on its website and as such has confirmed that it will…

2020/21 Personal Allowance

The personal allowance is the amount of money that you can earn in a tax year (in the UK) without…

Is the SEISS Payment Taxable?

During the covid-19 pandemic the government announced a number of schemes to help people financially who were suffering a loss…

Inheritance Tax Increase 2020/21

In 2015 the Chancellor of the Exchequer, George Osborne, announced a major change in Inheritance tax which added on an…

Self Employed NI Rates 2019/20

Although not technically a tax allowance, we thought it was worth covering what the rate of National Insurance contributions are…

Changes to Rent a Room Rules

There are changes in the rules to rent-a-room relief coming on 6th April. There are some changes coming to the…

Capital Gains Tax (CGT) Allowance 2019/20

The Capital Gains Tax (CGT) annual exempt amount is the amount of gains that you are allowed to make before…