1 December 2022 - Due date for Corporation Tax payable for the year ended 28 February 2022. 19 December 2022 - PAYE and NIC deductions due for month ended 5 December 2022. (If you pay your tax electronically the due date is 22 December 2022).…
Day: 2 December 2022
National Living Wage changes from 1 April 2023
Employers will need to update their systems to reflect the changes in the National Living and Minimum Wage rates from 1 April 2023. They are: Increasing the National Living Wage for those aged 23 and over by 9.7% to £10.42 an hour; Increasing the rate…
Uprating benefits and cost of living payments
Changes to these support payments were announced in the Autumn Statement last month. They include: State Pension – will increase in line with inflation. Cost of living payments - the government will provide households on means-tested benefits with an additional £900 Cost of Living…
Capital Gains planning
Readers may have noted that the Chancellor announced a significant reduction in the annual Capital Gains Tax allowance, currently £12,300, from April 2023. It is reducing to £6,000 from April 2023 with a further reduction to £3,000 from April 2024. Taxpayers who are…