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Posts by Glynn Halls

NICs boost for the self-employed

Prior to the March Spring Statement, most self-employed individuals were facing increased national insurance contribution (NIC) bills this year. However, those with profits up to and just over £28,000 will now see a fall in the amount they pay compared to last year. What’s more, low earners can benefit from...

New VAT penalties regime on the horizon

The existing penalty regime for VAT returns has the advantage of simplicity, but it’s something...

Capital gains tax receipts underline tempting target for Chancellor

New HMRC data shows that in 2019/20, £9.9 billion of capital gains tax (CGT) liabilities...

Things to consider when preparing P11Ds

Preparing P11Ds for the 2020/2021 tax year may be a bit different given most of...