Monthly Archive September 8, 2021

Business leader calls for action on skills to support the recovery

The boss of one of Britain’s most influential business organisations has called on the Government to take action to make sure the UK’s economy does not stall because of labour shortages.

The Director-General of the Confederation of British Industry (CBI) says business also has a part to play to keep the recovery going.

Tony Danker’s remarks come on the back of a raft of good news stories on the economy in terms of growth, increased job vacancies and a fall in unemployment.

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How will the National Insurance and dividend tax increases affect me?

Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change may affect you, please use our helpful FAQ below:

How much is the National Insurance rate increasing?

The Health and Social Care Levy will see a 1.25 percentage point increase in NICs.

When will National Insurance rates increase?

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UK house prices hit significant record

According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed.

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Personal tax: Thousands of parents “missing out” on Tax-Free Childcare

HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year.

The tax authority said thousands of families may be missing out on thousands of pounds in tax relief every year.

If you are a working parent, here’s what you need to know.

What is Tax-Free Childcare?

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Temporary 5% VAT rate rises to 12.5% as business opens up

Businesses that have benefited from a cut in the VAT rate will see the temporary figure of 5% rate increase at the end of September to 12.5%.

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UK business confidence hits a four-year high

Business confidence in the UK is at the highest level for more than four years according to a new survey, with nine of the 12 UK regions expecting growth.

The monthly Lloyds Business Barometer research highlights the performance of businesses with a turnover of £1 million or more across the UK and shows confidence in the construction, manufacturing and services sectors rising sharply.

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