by admin | Mar 5, 2021 | Uncategorized
Here are key highlights from the 2021 Budget announcement by the Chancellor Income Tax thresholds freeze after April. The tax-free personal allowance will rise from £12,500 to £12,570 in April 2021 and remain frozen until April 2026. The higher-rate tax threshold will...
by admin | Feb 22, 2021 | Uncategorized
The Coronavirus Job Retention Scheme (CJRS) provides grant support to enable employers to continue to pay staff who are fully or flexibly furloughed. The scheme can be used for staff who have been furloughed because they have caring responsibilities. School closures...
by admin | Feb 22, 2021 | Uncategorized
The normal deadline for filing the 2019/20 tax return is 31 January 2021. However, HMRC announced in a press release issued on 25 January 2021 that they would not issue a late filing penalty as long as the 2019/20 tax return is filed online by 28 February 2021....
by admin | Feb 10, 2021 | Uncategorized
England went into the third national lockdown on 5 January 2021. To help business affected, the Chancellor unveiled a £4.6 billion package to help businesses forced to close. The grants are in addition to the monthly support payments previously announced. Cash grant...
by admin | Jul 17, 2019 | Uncategorized
You need to tell HM Revenue & Customs about any Class 1A National Insurance contributions (NICs) that you owe for the tax year ending 5 April 2019 and send any P11D forms by 6 July. Failure to do so may result in a penalty. Any Class 1A National Insurance you owe...
by admin | Jun 18, 2018 | Uncategorized
April 2017 Changes to IR35 Following the changes to intermediaries legislation known as IR35, Abbot Accounting has expanded its operations to include a Payroll Umbrella Company. Abbot Payroll Solutions Limited is our arm that provides umbrella company services to...
