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 Traders & Partnerships

From 6 April 2026, people with yearly trading/property income over £50,000 must move to a digital system to record and declare information.

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Individuals

From 6 April, the partial repayment threshold for High Income Child Benefit charge will rise from £50,000 to £60,000.

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IndividualsLimited CompaniesSole Traders & Partnerships

Read our summary of the Spring Budget 2024, with changes to National Insurance, Child Benefit and second homes…

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Limited CompaniesSole Traders & Partnerships

HMRC has launched a quick digital tool, so businesses can estimate how registering for VAT might affect them.

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Limited CompaniesSole Traders & Partnerships

The King’s Speech focused strongly on creating a stable economic environment, but what will this practically mean for businesses?

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Limited CompaniesSole Traders & Partnerships

Your cash position is related not just to what you currently have, but what others owe you and you owe others.­ Here’s how to improve it…

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Limited CompaniesSole Traders & Partnerships

For your business, a new government brings about a period of uncertainty. Consider how you can prepare to manage this transition and succeed…

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Limited CompaniesSole Traders & Partnerships

A director can decide how much and by what means they extract the profit from their business by balancing salary and dividends.

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Limited CompaniesSole Traders & Partnerships

Conducting year-end work can be difficult to prioritise. Read through our ten strategies that can make your year-end process a more seamless.

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Solicitors

Preparing your own will, or using an unregulated writer may be the cheaper option, but these approaches can present a number of issues…

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Solicitors

Inheritance Tax (IHT) is a tax on the value of an individual’s estate at the time of their death. There are several good practices that individuals can adopt to help minimise the impact of IHT on their estate and their heirs…

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IndividualsLimited CompaniesSole Traders & PartnershipsSolicitors

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

Read more