2021/22 Tax Rates & Allowances now available

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You can now find the key tax rates and allowances which will be affect our business and personal lives in 2021/22 – just click here. We are sure that you will find them a useful point of reference over the year, so do bookmark the page. You can also access it direct from the Resources menu above. We have included a few examples of how the allowances and reliefs can be used, but would encourage you to contact a member of our team before you take any action on them or if you have any questions.

Useful information for 2021/22 Tax Rates & Allowances now available

IndividualsSole Trader or Partnership

There are now less than 75 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers were required to complete

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Individuals

Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF) account. This

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Limited CompaniesSole Trader or Partnership

Currently, VAT registered businesses with a taxable turnover of more than £85,000 must follow the rules for ‘Making Tax Digital for VAT’ (MTD) by

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Limited CompaniesSole Trader or Partnership

A recurring invoice is an invoice that you send to the same customer at regular intervals, which has the same information on it every

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Limited CompaniesSole Trader or Partnership

Factoring is available for B2B sales made on credit terms and provides fast – usually immediate – payment of your invoices. It allows you

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Limited CompaniesSole Trader or Partnership

Many businesses struggle to come up with a fair and profitable pricing policy. After all, an increase in your selling price should translate into an

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IndividualsLimited CompaniesSole Trader or PartnershipTrusts and Estates

You can now find the key tax rates and allowances which will be affect our business and personal lives in 2021/22 – just click

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