Chancellor Rishi Sunak presented his Budget on Wednesday 23 March 2022.

In this, our last post of 2021, we’re concluding our series of Autumn Budget posts with a quick look at the changes to the National Insurance Contributions scheme.

As the year draws to a close, we take a quick look at the implications of the recent Budget for entrepreneurs and businesses, and in particular, in this post, we recap on what you need to know in respect of business tax issues.

Following this year’s Spring and Autumn Budgets, in this post, we take a quick look at how the provisions of both may affect you when it comes to your investments and pensions.

Private Clients

As the first of our posts about this year’s Autumn Budget, we take a look at the changes and implications that the Budget may have for you in respect of income tax and Capital Gains Tax.

The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech, he set out the plans to “build back better” with ambitions to level up and reduce regional inequality.

It is rarely an edifying sight seeing lawyers line up against each other, especially when it is over cake.  But just that has happened as M&S have alleged Aldi’s Cuthbert the Caterpillar cake infringes their trademark for their Colin the Caterpillar cake.

It is intriguing to know that with a little careful planning it is possible to earn £37,370 tax free each year. This is because of the tax-free allowances attached to certain types of income. So what better way to start a new year tax year, than with a little tax efficiency planning.

As we conclude our series of Insights into the recent Budget, it’s worth a quick reminder that HMRC are likely to be taking a robust approach to Covid 19 fraud and late payment of tax.