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Tax

Tax rates and allowances change every year.

Tax-planning opportunities are wide ranging and always subject to change based on current legislation and your personal or business situation, which is why it is important to make sure your plans are up-to-date.

These guides provide information for the current tax year. Please contact us for guidance and advice.

 

When to add VAT

This subject has been causing confusion ever since VAT was introduced in the UK. There are a number of issues to consider.

VCT, EIS and SEIS

This section provides an analysis of the tax reliefs afforded by venture capital trusts, the enterprise investment scheme and seed enterprise investment scheme, and highlights the important differences between the individual schemes.

Tax rates and allowances

An up-to-date, easy to view summary of all 2020/21 main tax rates, allowances, exemptions and available deductions.

VAT

For a wealth of guidance and information relating to the operation of VAT, including essential tips for VAT planning, VAT schemes and how to survive the VAT inspector's visit, visit our VAT guides. The standard rate of VAT is 20%.

PAYE and NI

Real Time Information (RTI) and other PAYE and national insurance (NI) planning guides.

IR35

IR35 relates to legislation and rules intended to apply a PAYE and NIC charge on earnings from a company or partnership which is termed an "intermediary."

Tax and business calendar

Details of compliance and regulatory deadlines for business and personal taxes.

Budgets and Statements archive

Historical information relating to previous Budgets and Statements.