Plastic Packaging Tax: what is the new levy and how can my business prepare?
The Plastic Packaging Tax – also known as the PPT – will come into force from next year.
Here’s what you need to know about the new levy designed to clamp down on plastic waste.
What is the Plastic Packaging Tax?
“Night-time economy”- is it back on its dancing feet?
The Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy.
Personal tax: Take home more of what you earn with these tax-saving tips
More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed.
In this blog, we are going to share nine essential tips employees can use to keep themselves out of the higher rate tax bracket and take home more of what they earn.
Flat rate expenses
Workers claiming Working Tax Credit urged to update their hours
Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours.
WTC tops up the earnings of those on a low income. HM Revenue & Customs (HMRC) says people need to check their hours if these have reduced as a result of coronavirus and want to make sure people are not faced with paying back funds they were not entitled to, and potentially incur a penalty.
October: the last month to handle CJRS claims
As the Coronavirus Job Retention Scheme (CJRS), otherwise known as the furlough scheme, ended on 30 September 2021, October marks the last month in which employers will need to handle the related claims.
Transitionary rate of VAT for hospitality comes into force
The temporary reduced rate of VAT for hospitality has increased to a transitionary rate from today, 01 October 2021.
The new rate of 12.5 per cent will remain until 31 March 2022, when it reverts to the standard rate of 20 per cent.
Do I need to rethink my IR35 strategy while there is a shortage of lorry drivers?
Due to Brexit, driver retirement and the enforced IR35 reform, there is now a shortage of Heavy Goods Vehicle (HGV) drivers in the UK – around 100,000, according to some estimates.
Therefore, businesses must reconsider their risk-averse strategies for managing any tax changes related to employment.
IR35 specialists have revealed that re-evaluating approaches to status determination may be vital for businesses to be able to attract flexible employees.
What is IR35?
Buoyant firms return £1.3 billion furlough cash to Treasury
The Coronavirus Job Retention Scheme (CJRS), or furlough, closes at the end of September and has benefited millions of workers during the COVID-19 pandemic.
MTD for Income Tax delayed until April 2024, HMRC confirms
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed.
Reduce your tax bill with these four ‘quick wins’!
It is all too easy to pay too much tax. That’s the case for PAYE employees with relatively straightforward financial affairs, but the risk is highest for people with more complex finances because they own a business, invest in property, or are a high earner.
