The office is again accessible by clients. However, it would be appreciated if face coverings could be worn inside the office.
Spring Budget 2022
The personal allowance
has remained at £12570 in 2021/22 and remain at this level until 2026. The higher rate and additional rate tax
thresholds will also reamin at £37700 and £150000 respectively.
Employee National Insurance threshold to be set at £190 per week from 6 April 2022, increasing to £242 from 6 July 2022. Employer rate to be £175 per week.
The standard rate will remain at 20%. The turnover threshold for VAT registration is £85000 and the threshold for VAT registered businesses wishing to cancel their registration is £83000. These amounts to remain in force until 31 March 2023.
The Corporation Tax rate (19%) will remain the same until April 2023 when the headline rate will increase to 25% for businesses with profits of £250000pa or more, tapering down to 19% for businesses with profits of up to £50000pa.