Business Tax
Making Tax Digital for Business: VAT April 2022 sees the final phase of the introduction of the Making Tax Digital
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.
In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.
The Chancellor will lift the starting thresholds for National Insurance contributions (NICs). He also pledged a cut to income tax in 2024. However, the Health and Social Care Levy will still be implemented in April 2022.
For businesses, there is an increase to the Employment Allowance, as well as relief from business rates on a range of green technologies and help with training and the adoption of digital technology.
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Making Tax Digital for Business: VAT April 2022 sees the final phase of the introduction of the Making Tax Digital
Capital Gains Tax (CGT) Rates The current rates of CGT are 10%, to the extent that any income tax basic
Employer provide cars The scale of charges for working out the taxable benefit for an employee who has use of
VAT Rates and Limits The VAT registration and deregistration thresholds will remain unchanged for a period of two years from
The UK personal allowance, tax rates and bands for the tax year 2022/23 were announced by the Chancellor in the
Increase in the National Insurance Threshold and Lower Profit Limit Chancellor Rishi Sunak announced an increase in the annual National
